Mobile Telesystems OJSC (MBT): Today's Featured Technology Loser

Mobile Telesystems OJSC ( MBT) pushed the Technology sector lower today making it today's featured Technology loser. The sector as a whole closed the day up 1%. By the end of trading, Mobile Telesystems OJSC fell 9 cents (-0.5%) to $17.69 on average volume. Throughout the day, 2.2 million shares of Mobile Telesystems OJSC exchanged hands as compared to its average daily volume of 2.7 million shares. The stock ranged in price between $17.53-$17.71 after having opened the day at $17.57 as compared to the previous trading day's close of $17.78. Other company's within the Technology sector that declined today were: Rovi ( ROVI), down 43.3%, Tegal Corporation ( TGAL), down 14.9%, RIT Technologies ( RITT), down 12.3%, and Lime Energy ( LIME), down 11.6%.

Mobile TeleSystems OJSC, together with its subsidiaries, provides telecommunications services primarily in the Russian Federation, Ukraine, Uzbekistan, Armenia, and Belarus. Mobile Telesystems OJSC has a market cap of $17.45 billion and is part of the telecommunications industry. The company has a P/E ratio of 12, above the average telecommunications industry P/E ratio of 10.7 and below the S&P 500 P/E ratio of 17.7. Shares are up 19.6% year to date as of the close of trading on Tuesday. Currently there are five analysts that rate Mobile Telesystems OJSC a buy, no analysts rate it a sell, and one rates it a hold.

TheStreet Ratings rates Mobile Telesystems OJSC as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, revenue growth, notable return on equity and expanding profit margins. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated.

On the positive front, Amphenol ( APH), up 14.8%, Stratasys ( SSYS), up 12.8%, VMWare ( VMW), up 12.1%, and Aruba Networks ( ARUN), up 11.5%, were all gainers within the technology sector with NetApp ( NTAP) being today's featured technology sector winner.

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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