Nippon Telegraph & Telephone Corp (NTT): Today's Featured Technology Winner

Nippon Telegraph & Telephone ( NTT) pushed the Technology sector higher today making it today's featured technology winner. The sector as a whole closed the day down 1.6%. By the end of trading, Nippon Telegraph & Telephone rose 17 cents (0.8%) to $20.90 on light volume. Throughout the day, 433,895 shares of Nippon Telegraph & Telephone exchanged hands as compared to its average daily volume of 632,500 shares. The stock ranged in a price between $20.87-$21 after having opened the day at $20.95 as compared to the previous trading day's close of $20.73. Other companies within the Technology sector that increased today were: Micronetics ( NOIZ), up 94.8%, BOS Better Online Solutions ( BOSC), up 24.8%, Helios & Matheson Information Technology In ( HMNY), up 23.2%, and Onstream Media Corporation ( ONSM), up 17.5%.

Nippon Telegraph and Telephone Corporation, together with its subsidiaries, provides telecommunications services to residential and corporate customers in Japan. Nippon Telegraph & Telephone has a market cap of $50.84 billion and is part of the telecommunications industry. The company has a P/E ratio of 10.1, above the average telecommunications industry P/E ratio of 9.3 and below the S&P 500 P/E ratio of 17.7. Shares are down 17.4% year to date as of the close of trading on Friday. Currently there are no analysts that rate Nippon Telegraph & Telephone a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates Nippon Telegraph & Telephone as a hold. Among the primary strengths of the company is its growth in earnings per share. At the same time, however, we also find weaknesses including weak operating cash flow and a generally disappointing performance in the stock itself.

On the negative front, ModusLink Global Solutions ( MLNK), down 34.7%, Globalstar Incorporated ( GSAT), down 15.7%, Tel Instrument Electronics Corporation ( TIK), down 13.3%, and Ubiquiti Networks ( UBNT), down 12.2%, were all losers within the technology sector with Siemens ( SI) being today's technology sector loser.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the technology sector could consider Technology Select Sector SPDR ( XLK) while those bearish on the technology sector could consider ProShares Ultra Short Technology ( REW).
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