Yandex NV (YNDX): 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

Yandex ( YNDX) pushed the Internet industry lower today making it today's featured Internet laggard. The industry as a whole closed the day up 1.0%. By the end of trading, Yandex fell $0.49 (-2.4%) to $20.10 on light volume. Throughout the day, 1,970,099 shares of Yandex exchanged hands as compared to its average daily volume of 2,660,100 shares. The stock ranged in price between $20.08-$20.75 after having opened the day at $20.62 as compared to the previous trading day's close of $20.59. Other companies within the Internet industry that declined today were: Friendfinder Networks ( FFN), down 6.0%, ChinaCache International Holdings ( CCIH), down 2.5%, Internet Initiative Japan ( IIJI), down 2.4% and Autobytel ( ABTL), down 2.1%.
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Yandex N.V., an Internet and technology company, operates an Internet search engine in Russia and internationally. Yandex has a market cap of $4.6 billion and is part of the technology sector. The company has a P/E ratio of 25.3, above the S&P 500 P/E ratio of 17.7. Shares are down 4.8% year to date as of the close of trading on Thursday.

TheStreet Ratings rates Yandex as a hold. The company's strengths can be seen in multiple areas, such as its notable return on equity, robust 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, Net Element International ( NETE), down 13.9%, LiveDeal ( LIVE), down 13.8%, China Finance Online ( JRJC), down 8.2% and Innodata ( INOD), down 6.7% , were all gainers within the internet industry with Groupon ( GRPN) 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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