SINA Stock Falls On Unusually High Volume (SINA)

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.

NEW YORK ( TheStreet) -- SINA Corporation (Nasdaq: SINA) is trading at unusually high volume Friday with 8.6 million shares changing hands. It is currently at four times its average daily volume and trading down $7.53 (-14.2%) at $45.57 as of 3:16 p.m. ET.

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SINA has a market cap of $3.48 billion and is part of the technology sector and internet industry. Shares are up 2.1% year to date as of the close of trading on Thursday.

SINA Corporation provides online media and mobile value-added services (MVAS) in the People's Republic of China. It provides advertising, non-advertising, and free services through SINA.com, Weibo.com, and SINA Mobile. The company has a P/E ratio of -10, below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates SINA as a hold. The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity and a generally disappointing performance in the stock itself. You can view the full SINA Ratings Report.

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