Corning Inc ( GLW) pushed the Electronics industry lower today making it today's featured Electronics loser. The industry as a whole closed the day down 2.4%. By the end of trading, Corning Inc fell $1.02 (-6.7%) to $14.29 on average volume. Throughout the day, 29.4 million shares of Corning Inc exchanged hands as compared to its average daily volume of 21.9 million shares. The stock ranged in price between $14.29-$15 after having opened the day at $14.95 as compared to the previous trading day's close of $15.31. Other company's within the Electronics industry that declined today were: Yingli Green Energy Holding Company ( YGE), down 15.1%, Microvision Inc ( MVIS), down 13.4%, Trina Solar ( TSL), down 13%, and ReneSola ( SOL), down 12.3%. Corning Incorporated manufactures and processes specialty glass and ceramics products worldwide. It operates in five segments: Display Technologies, Telecommunications, Environmental Technologies, Specialty Materials, and Life Sciences. Corning Inc has a market cap of $21.6 billion and is part of the technology sector. The company has a P/E ratio of 6.7, above the average electronics industry P/E ratio of 6.5 and below the S&P 500 P/E ratio of 17.7. Shares are down 20.2% year to date as of the close of trading on Friday. TheStreet Ratings rates Corning as a hold. The company's strengths can be seen in multiple areas, such as its increase in net income, robust revenue growth and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and feeble growth in the company's earnings per share.
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