Research In Motion Ltd (BBRY): Today's Featured Technology 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

Research in Motion ( BBRY) pushed the Technology sector lower today making it today's featured Technology laggard. The sector as a whole closed the day up 0.2%. By the end of trading, Research in Motion fell $0.75 (-4.8%) to $14.82 on light volume. Throughout the day, 35,201,274 shares of Research in Motion exchanged hands as compared to its average daily volume of 50,029,800 shares. The stock ranged in price between $14.68-$15.51 after having opened the day at $15.39 as compared to the previous trading day's close of $15.57. Other companies within the Technology sector that declined today were: Ruckus Wireless ( RKUS), down 26.2%, Aruba Networks ( ARUN), down 22.8%, Deltathree ( DDDC), down 18.0% and MERU Networks ( MERU), down 12.2%.
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Research In Motion Limited, doing business as BlackBerry, engages in the design, manufacture, and marketing of wireless solutions worldwide. Research in Motion has a market cap of $8.2 billion and is part of the telecommunications industry. Shares are up 31.7% year to date as of the close of trading on Monday. Currently there are 5 analysts that rate Research in Motion a buy, 13 analysts rate it a sell, and 8 rate it a hold.

TheStreet Ratings rates Research in Motion as a sell. The company's weaknesses can be seen in multiple areas, such as its disappointing return on equity and weak operating cash flow.

On the positive front, Interactive Intelligence Group ( ININ), down 19.0%, ClearSign Combustion ( CLIR), down 16.5%, Responsys ( MKTG), down 12.8% and Sevcon ( SEV), down 11.7% , were all gainers within the technology sector with SK Telecom ( SKM) being today's featured technology sector leader.

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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