Dow Today: Hewlett-Packard (HPQ) Lower

The Dow Jones Industrial Average ( ^DJI) is trading down 14.0 points (-0.1%) at 12,753 as of Monday, Jun 18, 2012, 1:35 p.m. ET. During this time, 349.4 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 711.2 million. The NYSE advances/declines ratio sits at 1,696 issues advancing vs. 1,279 declining with 112 unchanged.

Holding back the Dow today is Hewlett-Packard (NYSE: HPQ), which is lagging the broader Dow index with a 57-cent decline (-2.7%) bringing the stock to $21.06. This single loss is lowering the Dow Jones Industrial Average by 4.39 points or roughly accounting for 31.4% of the Dow's overall loss. Volume for Hewlett-Packard currently sits at 12.2 million shares traded vs. an average daily trading volume of 19.3 million shares.

Hewlett-Packard has a market cap of $42.57 billion and is part of the technology sector and computer hardware industry. Shares are down 16.2% year to date as of Friday's close. The stock's dividend yield sits at 2.4%.

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 8.2, 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, disappointing return on equity and poor profit margins.
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