Dow Today: Hewlett-Packard (HPQ) Lower

The Dow Jones Industrial Average ( ^DJI) is trading down 74.0 points (-0.6%) at 13,165 as of Tuesday, Mar 20, 2012, 11:35 a.m. ET. During this time, 376.6 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 818.6 million. The NYSE advances/declines ratio sits at 775 issues advancing vs. 2,103 declining with 107 unchanged.

Holding back the Dow today is Hewlett-Packard (NYSE: HPQ), which is lagging the broader Dow index with a 26-cent decline (-1.1%) bringing the stock to $24.08. This single loss is lowering the Dow Jones Industrial Average by 1.97 points or roughly accounting for 2.7% of the Dow's overall loss. Volume for Hewlett-Packard currently sits at 7.7 million shares traded vs. an average daily trading volume of 17.8 million shares.

Hewlett-Packard has a market cap of $56.58 billion and is part of the technology sector and computer hardware industry. Shares are down 5.5% year to date as of Monday's close. The stock's dividend yield sits at 2%.

Hewlett-Packard Company and its subsidiaries provide 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. The company has a P/E ratio of 8.5, 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 Hewlett-Packard as a hold. Among the primary strengths of the company is its attractive valuation levels, considering its current price compared to earnings, book value and other measures. At the same time, however, we also find weaknesses including deteriorating net income, poor profit margins and weak operating cash flow.

null

More from Markets

Dow Drops Over 100 Points on Trade War Worries

Dow Drops Over 100 Points on Trade War Worries

Video: Athens Stock Exchange CEO on What's Next for Greece's Debt Woes

Video: Athens Stock Exchange CEO on What's Next for Greece's Debt Woes

What Angela Merkel's Uncertain Political Future Means for Greece's Debt Woes

What Angela Merkel's Uncertain Political Future Means for Greece's Debt Woes

3 Must Reads on the Market From TheStreet's Top Columnists

3 Must Reads on the Market From TheStreet's Top Columnists

Goldman Is Bullish on Oil, Sees Demand Outweighing Inventory Concern

Goldman Is Bullish on Oil, Sees Demand Outweighing Inventory Concern