Research In Motion Ltd (RIMM): Today's Featured Technology 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.

Research in Motion ( RIMM) pushed the Technology sector lower today making it today's featured Technology laggard. The sector as a whole closed the day down 0.1%. By the end of trading, Research in Motion fell $1.21 (-8%) to $13.99 on average volume. Throughout the day, 77.3 million shares of Research in Motion exchanged hands as compared to its average daily volume of 54.8 million shares. The stock ranged in price between $13.81-$15.39 after having opened the day at $15.10 as compared to the previous trading day's close of $15.20. Other companies within the Technology sector that declined today were: Renewable Energy Trade Board ( EBOD), down 64.6%, Plug Power ( PLUG), down 26.4%, EZChip Semiconductor ( EZCH), down 20.7%, and Rackspace Hosting ( RAX), down 19.6%.
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Research In Motion Limited designs, manufactures, and markets wireless solutions for the mobile communications market worldwide. Research in Motion has a market cap of $6.83 billion and is part of the telecommunications industry. Shares are up 9.4% year to date as of the close of trading on Tuesday. Currently there are three analysts that rate Research in Motion a buy, 15 analysts rate it a sell, and 13 rate it a hold.

TheStreet Ratings rates Research in Motion as a sell. The company's weaknesses can be seen in multiple areas, such as its feeble growth in its earnings per share, deteriorating net income, disappointing return on equity and poor profit margins.

On the positive front, Trulia ( TRLA), up 21.9%, CounterPath Corporation ( CPAH), up 19.8%, Pros Holdings ( PRO), up 18.2%, and icad ( ICAD), up 17.2%, were all gainers within the technology sector with Qihoo 360 Technology ( QIHU) being today's featured technology sector leader.

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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