3 Stocks Pushing The Internet Industry Lower

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

Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 19 points (-0.1%) at 13,006 as of Monday, Dec. 3, 2012, 11:50 AM ET. The NYSE advances/declines ratio sits at 1,239 issues advancing vs. 1,655 declining with 129 unchanged.

The Internet industry currently sits down 0.8% versus the S&P 500, which is down 0.1%.

TheStreet Ratings group would like to highlight 3 stocks pushing the industry lower today:

3. Bankrate ( RATE) is one of the companies pushing the Internet industry lower today. As of noon trading, Bankrate is down $0.82 (-6.8%) to $11.21 on average volume Thus far, 494,001 shares of Bankrate exchanged hands as compared to its average daily volume of 692,600 shares. The stock has ranged in price between $11.07-$11.56 after having opened the day at $11.31 as compared to the previous trading day's close of $12.03.

Bankrate, Inc. publishes, aggregates, and distributes personal finance content on the Internet. Bankrate has a market cap of $1.2 billion and is part of the technology sector. The company has a P/E ratio of 26.2, above the S&P 500 P/E ratio of 17.7. Shares are down 43.9% year to date as of the close of trading on Friday. Currently there are 4 analysts that rate Bankrate a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Bankrate as a sell. The company's weaknesses can be seen in multiple areas, such as its unimpressive growth in net income, weak operating cash flow and generally disappointing historical performance in the stock itself. Get the full Bankrate Ratings Report now.

EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass

If you liked this article you might like

June's Insane Payroll Gains Are Masking Two Dirty Little Secrets

4 Key Points That Will Tell You What June Job Trends Mean for the U.S.

Dow Sputters After Intraday High on Eve of Independence Day

Dow Pops to Record High as Trading Volumes Flag Before July 4 Holiday