DISH Network Corp (DISH): Today's Featured Services Laggard

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

DISH Network ( DISH) pushed the Services sector lower today making it today's featured Services laggard. The sector as a whole closed the day down 0.3%. By the end of trading, DISH Network fell 73 cents (-2.3%) to $30.41 on average volume. Throughout the day, 1.8 million shares of DISH Network exchanged hands as compared to its average daily volume of 1.8 million shares. The stock ranged in price between $30.10-$31.14 after having opened the day at $31.06 as compared to the previous trading day's close of $31.14. Other companies within the Services sector that declined today were: Dex One ( DEXO), down 9.8%, Zagg ( ZAGG), down 8%, VirtualScopics ( VSCP), down 7.8%, and ENGlobal Corporation ( ENG), down 7.1%.
  • ACTIVE STOCK TRADERS: Get full access to Jim Cramer's thoughts for less than $3/week - sometimes before he says them on TV! Start with a 14-Day Free Trial.

DISH Network Corporation, together with its subsidiaries, provides direct broadcast satellite subscription television services in the United States. DISH Network has a market cap of $6.65 billion and is part of the media industry. The company has a P/E ratio of 11.6, equal to the average media industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are up 9.3% year to date as of the close of trading on Tuesday. Currently there are seven analysts that rate DISH Network a buy, one analyst rates it a sell, and seven rate it a hold.

TheStreet Ratings rates DISH Network as a buy. The company's strengths can be seen in multiple areas, such as its notable return on equity, good cash flow from operations, increase in stock price during the past year and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the positive front, American Greetings Corporation ( AM), up 17.3%, Sport Chalet ( SPCHB), up 14.4%, 7 Days Group Holdings ( SVN), up 13.1%, and Bioanalytical Systems ( BASI), up 12.2%, were all gainers within the services sector with TJX Companies ( TJX) being today's featured services sector leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the services sector could consider iShares Dow Jones US Cons Services ( IYC) while those bearish on the services sector could consider ProShares Ultra Short Consumer Sers ( SCC).

FREE from Real Money's Jim Cramer: Winners and Losers Election 2012 - Steps to take NOW so you can profit no matter who is in charge! Free download now.
null

If you liked this article you might like

T-Mobile and Sprint Reportedly Agree on a Deal to Split Ownership

Cord Cutters Aren't Just Leaving Pay-TV Because of Price

Disney Gets Bullish Report Aimed at Drowning Out Naysayers

Market Signals Change of Direction: Cramer's 'Mad Money' Recap (Monday 9/18/17)

U.S. Concrete, Alder Biopharmaceuticals: 'Mad Money' Lightning Round