SINA Corporation (SINA): 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

SINA Corporation ( SINA) pushed the Technology sector higher today making it today's featured technology winner. The sector as a whole closed the day up 1.1%. By the end of trading, SINA Corporation rose $2.00 (3.4%) to $61.57 on average volume. Throughout the day, 2,894,801 shares of SINA Corporation exchanged hands as compared to its average daily volume of 2,403,100 shares. The stock ranged in a price between $59.60-$61.75 after having opened the day at $59.64 as compared to the previous trading day's close of $59.57. Other companies within the Technology sector that increased today were: Meade Instruments Corporation ( MEAD), up 104.2%, JA Solar Holdings Co. ADR ( JASO), up 70.4%, China Sunergy ( CSUN), up 50.0% and Zoom Technologies ( ZOOM), up 34.9%.
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SINA Corporation, through its subsidiaries, operates as an online media company in the People's Republic of China. SINA Corporation has a market cap of $3.9 billion and is part of the internet industry. The company has a P/E ratio of 122.5, above the S&P 500 P/E ratio of 17.7. Shares are up 17.1% year to date as of the close of trading on Friday. Currently there are 11 analysts that rate SINA Corporation a buy, 1 analyst rates it a sell, and 1 rates it a hold.

TheStreet Ratings rates SINA Corporation as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and reasonable valuation levels. However, as a counter to these strengths, we find that the stock has experienced relatively poor performance when compared with the S&P 500 during the past year.

On the negative front, WPCS International ( WPCS), down 16.5%, IEC Electronics Corporation ( IEC), down 13.8%, Sevcon ( SEV), down 13.4% and Linktone ( LTON), down 10.6% , were all laggards within the technology sector with Automatic Data Processing ( ADP) 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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