SINA Corporation (SINA): Today's Featured Internet 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.

SINA Corporation ( SINA) pushed the Internet industry lower today making it today's featured Internet laggard. The industry as a whole closed the day up 0.6%. By the end of trading, SINA Corporation fell 64 cents (-1.2%) to $51 on light volume. Throughout the day, 1.7 million shares of SINA Corporation exchanged hands as compared to its average daily volume of 2.5 million shares. The stock ranged in price between $50.20-$51.44 after having opened the day at $50.84 as compared to the previous trading day's close of $51.64. Other companies within the Internet industry that declined today were: Autobytel ( ABTL), down 7%, Local ( LOCM), down 5.4%, Net Element International ( NETE), down 4.6%, and SouFun Holdings ( SFUN), down 4.5%.
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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 $3.43 billion and is part of the technology sector. The company has a P/E ratio of 343.9, above the S&P 500 P/E ratio of 17.7. Shares are up 2.7% year to date as of the close of trading on Thursday. 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.

On the positive front, Trulia ( TRLA), up 14%, Tucows ( TCX), up 13%, Groupon ( GRPN), up 12.6%, and Remark Media ( MARK), up 11.4%, were all gainers within the internet industry with LinkedIn ( LNKD) being today's featured internet industry leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the internet industry could consider First Trust Dow Jones Internet Idx ( FDN) while those bearish on the internet industry could consider ProShares Ultra Short Technology ( REW).

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