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. SINA Corporation ( SINA) pushed the Technology sector lower today making it today's featured Technology laggard. The sector as a whole closed the day up 0.6%. By the end of trading, SINA Corporation fell 97 cents (-1.7%) to $54.93 on light volume. Throughout the day, 947,966 shares of SINA Corporation exchanged hands as compared to its average daily volume of 2.6 million shares. The stock ranged in price between $54.70-$56.09 after having opened the day at $55.50 as compared to the previous trading day's close of $55.90. Other companies within the Technology sector that declined today were: Helios and Matheson Information Technology ( HMNY), down 13.8%, Giga-tronics ( GIGA), down 11.2%, Renewable Energy Trade Board ( EBOD), down 10.6%, and Advanced Photonix ( API), down 9.9%.
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.
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. SINA Corporation has a market cap of $3.73 billion and is part of the internet industry. Shares are up 11% year to date as of the close of trading on Wednesday. Currently there are 11 analysts that rate SINA Corporation a buy, no analysts rate it a sell, and two rate it a hold. TheStreet Ratings rates SINA Corporation as a hold. The company's strengths can be seen in multiple areas, such as its compelling growth 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 find that the stock has had a generally disappointing performance in the past year.