SK Telecom ( SKM) 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, SK Telecom rose $0.72 (3.7%) to $20.33 on average volume. Throughout the day, 1,353,257 shares of SK Telecom exchanged hands as compared to its average daily volume of 1,753,700 shares. The stock ranged in a price between $20.01-$20.41 after having opened the day at $20.02 as compared to the previous trading day's close of $19.61. Other companies within the Technology sector that increased today were: Voltari ( VLTC), up 903.9%, SatCon Technology Corporation ( SATC), up 53.1%, Mediabistro ( MBIS), up 22.2% and Webmedia Brands ( WEBM), up 22.2%.
SK Telecom Co., Ltd. provides wireless telecommunications services principally in Korea. SK Telecom has a market cap of $12.2 billion and is part of the telecommunications industry. The company has a P/E ratio of 9.9, below the S&P 500 P/E ratio of 17.7. Shares are up 23.9% year to date as of the close of trading on Thursday. Currently there are 2 analysts that rate SK Telecom a buy, 1 analyst rates it a sell, and none rate it a hold. TheStreet Ratings rates SK Telecom as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, attractive valuation levels, increase in net income and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.