NII Holdings Inc (NIHD): Today's Featured Technology Laggard

NII Holdings ( NIHD) pushed the Technology sector lower today making it today's featured Technology laggard. The sector as a whole closed the day up 1.2%. By the end of trading, NII Holdings fell $0.36 (-5.3%) to $6.41 on average volume. Throughout the day, 4,349,898 shares of NII Holdings exchanged hands as compared to its average daily volume of 5,032,900 shares. The stock ranged in price between $6.18-$6.93 after having opened the day at $6.92 as compared to the previous trading day's close of $6.77. Other companies within the Technology sector that declined today were: Meade Instruments Corporation ( MEAD), down 13.9%, Advanced Photonix ( API), down 11.1%, Astea International ( ATEA), down 10.6% and SatCon Technology Corporation ( SATC), down 10.0%.

NII Holdings, Inc., through its subsidiaries, provides wireless communication services under the Nextel brand name to businesses and individuals in Mexico, Brazil, Argentina, Peru, and Chile. NII Holdings has a market cap of $1.2 billion and is part of the telecommunications industry. Shares are down 5.0% year to date as of the close of trading on Wednesday. Currently there are 7 analysts that rate NII Holdings a buy, 2 analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates NII Holdings as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, weak operating cash flow, generally high debt management risk and generally disappointing historical performance in the stock itself.

On the positive front, MeetMe ( MEET), up 22.1%, Plug Power ( PLUG), up 16.8%, Alliance Fiber Optic Products ( AFOP), up 16.4% and Maxcom Telecomunicaciones S.A.B. de C.V ( MXT), up 15.6% , were all gainers within the technology sector with Texas Instruments ( TXN) 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).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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