Mobile Telesystems OJSC (MBT): Today's Featured Technology Winner

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

Mobile Telesystems OJSC ( MBT) pushed the Technology sector higher today making it today's featured technology winner. The sector as a whole closed the day up 0.4%. By the end of trading, Mobile Telesystems OJSC rose $0.58 (2.9%) to $20.70 on average volume. Throughout the day, 2,388,666 shares of Mobile Telesystems OJSC exchanged hands as compared to its average daily volume of 2,174,400 shares. The stock ranged in a price between $20.03-$20.70 after having opened the day at $20.15 as compared to the previous trading day's close of $20.12. Other companies within the Technology sector that increased today were: Deltathree ( DDDC), up 33.3%, On Track Innovations ( OTIV), up 19.6%, CGI Group ( GIB), up 18.4% and Renewable Energy Trade Board ( EBOD), up 13.6%.
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Mobile TeleSystems OJSC, together with its subsidiaries, provides telecommunications services primarily in the Russian Federation, Ukraine, Uzbekistan, Armenia, and Belarus. Mobile Telesystems OJSC has a market cap of $19.7 billion and is part of the telecommunications industry. The company has a P/E ratio of 19.5, above the S&P 500 P/E ratio of 17.7. Shares are up 6.2% year to date as of the close of trading on Monday.

TheStreet Ratings rates Mobile Telesystems OJSC as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in net income, increase in stock price during the past year, growth in earnings per share and expanding profit margins. 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 negative front, Winland Electronics ( WELX), down 99.0%, Nuance Communications ( NUAN), down 18.3%, Zoom Technologies ( ZOOM), down 17.0% and Alpha & Omega Semiconductor ( AOSL), down 15.8% , were all laggards within the technology sector with Symantec ( SYMC) being today's technology sector laggard.

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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