Focus Media ( FMCN) pushed the Media industry lower today making it today's featured Media loser. The industry as a whole closed the day down 0.6%. By the end of trading, Focus Media fell $1.43 (-5.7%) to $23.90 on average volume. Throughout the day, 3.1 million shares of Focus Media exchanged hands as compared to its average daily volume of 2.1 million shares. The stock ranged in price between $23.70-$25.22 after having opened the day at $25.19 as compared to the previous trading day's close of $25.33. Other company's within the Media industry that declined today were: Point.360 ( PTSX), down 12.9%, Peoples Educational Holdings ( PEDH), down 7.5%, LodgeNet Interactive Corporation ( LNET), down 6.9%, and Journal Communications ( JRN), down 6%. Focus Media Holding Limited, a multi-platform digital media company, operates liquid crystal display (LCD) network using audiovisual digital displays in China. Focus Media has a market cap of $3.22 billion and is part of the services sector. Currently there are six analysts that rate Focus Media a buy, no analysts rate it a sell, and one rates it a hold. TheStreet Ratings rates Focus Media 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, expanding profit margins and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.
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