Dow Today: International Business Machines (IBM) Lower

The Dow Jones Industrial Average ( ^DJI) is trading down 30 points (-0.2%) at 12,419 as of Thursday, Jan 12, 2012, 11:35 a.m. ET. During this time, 400.1 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 829 million. The NYSE advances/declines ratio sits at 1,380 issues advancing vs. 1,518 declining with 118 unchanged.

Holding back the Dow today is International Business Machines (NYSE: IBM), which is lagging the broader Dow index with a $3.06 decline (-1.7%) bringing the stock to $179.26. This single loss is lowering the Dow Jones Industrial Average by 23.16 points or roughly accounting for 77.2% of the Dow's overall loss. Volume for International Business Machines currently sits at 3.4 million shares traded vs. an average daily trading volume of 5.3 million shares.

International Business Machines has a market cap of $215.14 billion and is part of the technology sector and computer hardware industry. Shares are down 1.4% year to date as of Wednesday's close. The stock's dividend yield sits at 1.7%.

International Business Machines Corporation (IBM) provides information technology (IT) products and services worldwide. The company has a P/E ratio of 14.4, equal to the average computer hardware industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates International Business Machines as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, solid stock price performance, growth in earnings per share and expanding profit margins. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated.
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