SINA Corporation (SINA): 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

SINA Corporation ( SINA) pushed the Internet industry lower today making it today's featured Internet laggard. The industry as a whole closed the day down 0.6%. By the end of trading, SINA Corporation fell $1.83 (-3.2%) to $55.85 on average volume. Throughout the day, 1,962,111 shares of SINA Corporation exchanged hands as compared to its average daily volume of 2,225,300 shares. The stock ranged in price between $55.47-$58.60 after having opened the day at $58.16 as compared to the previous trading day's close of $57.68. Other companies within the Internet industry that declined today were: Synacor ( SYNC), down 4.8%, Equinix ( EQIX), down 3.9%, Friendfinder Networks ( FFN), down 3.6% and Trulia ( TRLA), down 3.1%.
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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 $4.0 billion and is part of the technology sector. The company has a P/E ratio of 124.5, above the S&P 500 P/E ratio of 17.7. Shares are up 19.0% year to date as of the close of trading on Tuesday. Currently there are 9 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 growth in earnings per share. 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 positive front, LookSmart ( LOOK), down 4.1%, Internet Initiative Japan ( IIJI), down 3.7%, Phoenix New Media ( FENG), down 3.2% and ( SPRT), down 2.9%.

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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