The computer hardware industry closed the day down 2.6%. Dot Hill Systems Corporation ( HILL), iGo Inc ( IGOI), Western Digital Corporation ( WDC), and Globecomm Systems Inc ( GCOM) were all decliners today within the computer hardware industry with Hewlett-Packard ( HPQ) being today's featured computer hardware loser. Hewlett-Packard fell $1.25 (-4.8%) to $24.86 on light volume. Throughout the day, 15.5 million shares of Hewlett-Packard exchanged hands as compared to its average daily volume of 29.4 million shares. Hewlett-Packard Company offers various products, technologies, software, solutions, and services to individual consumers and small- and medium-sized businesses (SMBs), as well as to the government, health, and education sectors worldwide. Hewlett-Packard has a market cap of $50.9 billion and is part of the technology sector. The company has a P/E ratio of six, equal to the average computer hardware industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are down 38% year to date as of the close of trading on Friday. TheStreet Ratings rates Hewlett-Packard as a hold. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, revenue growth and attractive valuation levels. However, as a counter to these strengths, we also find weaknesses including poor profit margins, weak operating cash flow and a generally disappointing performance in the stock itself.
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