3 Stocks Dragging In The Technology Sector

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

All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 46 points (-0.3%) at 14,513 as of Wednesday, March 27, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,149 issues advancing vs. 1,749 declining with 144 unchanged.

The Technology sector currently sits down 0.3% versus the S&P 500, which is down 0.2%. On the negative front, top decliners within the sector include Siemens ( SI), down 1.8%, Telefonica ( TEF), down 1.8%, BT Group ( BT), down 1.3%, China Telecom ( CHA), down 0.9% and NTT DoCoMo ( DCM), down 0.8%.

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

3. Sap AG ADR ( SAP) is one of the companies pushing the Technology sector lower today. As of noon trading, Sap AG ADR is down $1.41 (-1.8%) to $78.86 on average volume Thus far, 774,559 shares of Sap AG ADR exchanged hands as compared to its average daily volume of 1.2 million shares. The stock has ranged in price between $78.33-$79.28 after having opened the day at $78.70 as compared to the previous trading day's close of $80.27.

SAP AG provides enterprise application software and software-related services worldwide. Sap AG ADR has a market cap of $95.2 billion and is part of the computer software & services industry. The company has a P/E ratio of 21.3, above the S&P 500 P/E ratio of 17.7. Shares are down 0.2% year to date as of the close of trading on Tuesday. Currently there are 5 analysts that rate Sap AG ADR a buy, 2 analysts rate it a sell, and 12 rate it a hold.

TheStreet Ratings rates Sap AG ADR as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, increase in net income, expanding profit margins and growth in earnings per share. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Sap AG ADR Ratings Report now.

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