NetEase.com Inc ( NTES) pushed the Internet industry lower today making it today's featured Internet loser. The industry as a whole closed the day down 0.6%. By the end of trading, NetEase.com Inc fell 49 cents (-1.1%) to $43.80 on light volume. Throughout the day, 607,507 shares of NetEase.com Inc exchanged hands as compared to its average daily volume of 997,800 shares. The stock ranged in price between $43.48-$44.54 after having opened the day at $44.17 as compared to the previous trading day's close of $44.29. Other company's within the Internet industry that declined today were: Edgar Online Inc ( EDGR), down 37.6%, Bitauto Holdings ( BITA), down 18%, SouFun Holdings ( SFUN), down 8.6%, and Quepasa Corporation ( QPSA), down 3.8%. NetEase.com, Inc., an Internet technology company, engages in the development of applications, services, and other technologies for the Internet in China. NetEase.com Inc has a market cap of $6.18 billion and is part of the technology sector. The company has a P/E ratio of 16.2, below the average internet industry P/E ratio of 30.6 and below the S&P 500 P/E ratio of 17.7. Shares are up 22.5% year to date as of the close of trading on Wednesday. TheStreet Ratings rates NetEase.com as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, attractive valuation levels and solid stock price performance. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.
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