Ancestry.com Inc. (ACOM): Today's Featured Internet Winner

Ancestry.com Inc ( ACOM) pushed the Internet industry higher today making it today's featured internet winner. The industry as a whole closed the day down 0.7%. By the end of trading, Ancestry.com Inc rose 18 cents (0.8%) to $22.36 on light volume. Throughout the day, 245,571 shares of Ancestry.com Inc exchanged hands as compared to its average daily volume of 1.1 million shares. The stock ranged in a price between $21.81-$22.65 after having opened the day at $22.12 as compared to the previous trading day's close of $22.18. Other companies within the Internet industry that increased today were: Banks.com Inc ( BNX), up 16.4%, Youku.com Inc ( YOKU), up 7.2%, Vetro Inc ( VTRO), up 4.6%, and Local.com Corporation ( LOCM), up 4.2%.

Ancestry.Com Inc. operates as an online resource for family history for subscribers worldwide. Ancestry.com Inc has a market cap of $1.01 billion and is part of the technology sector. The company has a P/E ratio of 19.1, below the average internet industry P/E ratio of 19.6 and above the S&P 500 P/E ratio of 17.7. Shares are down 21.7% year to date as of the close of trading on Wednesday.

TheStreet Ratings rates Ancestry.com as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we find that the company's return on equity has been disappointing.

On the negative front, eDiets.com Inc ( DIET), down 9.1%, eDiets.com Inc ( DIETD), down 9.1%, Friendfinder Networks Inc ( FFN), down 9%, and Move Inc ( MOVED), down 5.4%, were all losers within the internet industry with NetEase.com Inc ( NTES) being today's internet industry loser.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the internet industry could consider First Trust Dow Jones Internet Idx ( FDN) while those bearish on the internet industry could consider ProShares Ultra Short Technology ( REW).

null

More from Markets

Inside Carnival's Mind Blowing New Horizon Cruise Ship (Video)

Inside Carnival's Mind Blowing New Horizon Cruise Ship (Video)

Jim Cramer: The 10-Year Yield Could Go to 2.75%

Jim Cramer: The 10-Year Yield Could Go to 2.75%

Oil Slumps, Gas Spikes Ahead of Holiday Weekend; Assessing the Chipmakers--ICYMI

Oil Slumps, Gas Spikes Ahead of Holiday Weekend; Assessing the Chipmakers--ICYMI

Week Ahead: Wall Street Looks to Jobs Report as North Korea Meeting Less Certain

Week Ahead: Wall Street Looks to Jobs Report as North Korea Meeting Less Certain

Dow and S&P 500 Decline, Energy Shares Fall as U.S. Crude Oil Slides 4%

Dow and S&P 500 Decline, Energy Shares Fall as U.S. Crude Oil Slides 4%