International Game Technology (IGT): Today's Featured Computer Software & 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.

International Game Technology ( IGT) pushed the Computer Software & Services industry lower today making it today's featured Computer Software & Services laggard. The industry as a whole closed the day up 0.1%. By the end of trading, International Game Technology fell 21 cents (-1.3%) to $16.27 on average volume. Throughout the day, 3.2 million shares of International Game Technology exchanged hands as compared to its average daily volume of 4.1 million shares. The stock ranged in price between $16.25-$16.47 after having opened the day at $16.45 as compared to the previous trading day's close of $16.48. Other companies within the Computer Software & Services industry that declined today were: LogMeIn ( LOGM), down 29.6%, BOS Better Online Solutions ( BOSC), down 19%, Asure Software ( ASUR), down 7.9%, and Descartes Systems Group ( DSGX), down 6.5%.
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International Game Technology engages in the design, development, manufacture, and marketing of casino games, gaming equipment, and systems technology for land-based and online social gaming, and wagering markets worldwide. International Game Technology has a market cap of $4.34 billion and is part of the technology sector. The company has a P/E ratio of 17.7, equal to the S&P 500 P/E ratio of 17.7. Shares are up 15.9% year to date as of the close of trading on Thursday. Currently there are 10 analysts that rate International Game Technology a buy, no analysts rate it a sell, and seven rate it a hold.

TheStreet Ratings rates International Game Technology as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, attractive valuation levels, increase in net income and good cash flow from operations. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.

On the positive front, Qlik Technologies ( QLIK), up 17.9%, inContact ( SAAS), up 12.2%, Authentidate Holding Corporation ( ADAT), up 11.1%, and Wave Systems Corporation ( WAVX), up 8.8%, were all gainers within the computer software & services industry with Intuit ( INTU) being today's featured computer software & services industry leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the computer software & services industry could consider iShares S&P NA Tech Software Idx ( IGV) while those bearish on the computer software & services industry could consider ProShares Ultra Short Technology ( REW).

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