) pushed the Technology sector lower today making it today's featured Technology loser. The sector as a whole closed the day up 1%. By the end of trading, TE Connectivity fell 43 cents (-1.4%) to $30.69 on average volume. Throughout the day, 2.6 million shares of TE Connectivity exchanged hands as compared to its average daily volume of 1.8 million shares. The stock ranged in price between $30.47-$31.14 after having opened the day at $31.12 as compared to the previous trading day's close of $31.12. Other company's within the Technology sector that declined today were:
), down 20.1%,
), down 17.6%,
), down 9.7%, and
), down 9.5%.
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TE Connectivity Ltd. engages in the design and manufacture of products that connect and protect the flow of power and data inside various products used by consumers and industries. TE Connectivity has a market cap of $13.42 billion and is part of the
industry. The company has a P/E ratio of 11.4, below the average electronics industry P/E ratio of 15.6 and below the S&P 500 P/E ratio of 17.7. Shares are up 1% year to date as of the close of trading on Tuesday. Currently there are 10 analysts that rate TE Connectivity a buy, no analysts rate it a sell, and one rates it a hold.
TheStreet Ratings rates TE Connectivity as a
. The company's strengths can be seen in multiple areas, such as its expanding profit margins, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow.
- You can view the full TE Connectivity Ratings Report.
On the positive front,
), up 28.4%,
), up 17.9%,
), up 14.7%, and
), up 13.4%, were all gainers within the technology sector with
) being today's featured technology sector winner.
- Use our technology section to find sector-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the technology sector could consider
) while those bearish on the technology sector could consider
- Find other investment ideas from our top rated ETFs lists.