Dow Today: General Electric (GE) Lower

The Dow Jones Industrial Average ( ^DJI) is trading down 54.0 points (-0.4%) at 13,185 as of Tuesday, Mar 20, 2012, 1:35 p.m. ET. During this time, 582.8 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 852 issues advancing vs. 2,070 declining with 115 unchanged.

Holding back the Dow today is General Electric (NYSE: GE), which is lagging the broader Dow index with a 10-cent decline (-0.5%) bringing the stock to $20.12. This single loss is lowering the Dow Jones Industrial Average by 0.76 points or roughly accounting for 1.4% of the Dow's overall loss. Volume for General Electric currently sits at 33.2 million shares traded vs. an average daily trading volume of 61.8 million shares.

General Electric has a market cap of $198.9 billion and is part of the industrial goods sector and industrial industry. Shares are up 12.8% year to date as of Monday's close. The stock's dividend yield sits at 3.4%.

General Electric Company operates as a technology and financial services company worldwide. The company has a P/E ratio of 16.4, above the average industrial industry P/E ratio of 15.3 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates General Electric as a buy. The company's strengths can be seen in multiple areas, such as its expanding profit margins, growth in earnings per share, attractive valuation levels and notable return on equity. 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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