SK Telecom Co. Ltd. (SKM): Today's Featured Technology Laggard

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

SK Telecom ( SKM) pushed the Technology sector lower today making it today's featured Technology laggard. The sector as a whole closed the day up 0.3%. By the end of trading, SK Telecom fell $0.60 (-2.7%) to $21.66 on light volume. Throughout the day, 633,583 shares of SK Telecom exchanged hands as compared to its average daily volume of 1,676,100 shares. The stock ranged in price between $21.63-$22.00 after having opened the day at $22.00 as compared to the previous trading day's close of $22.26. Other companies within the Technology sector that declined today were: Wave Systems Corporation ( WAVX), down 14.4%, Radcom ( RDCM), down 10.5%, Nam Tai Electronics ( NTE), down 10.4% and Friendfinder Networks ( FFN), down 10.2%.

SK Telecom Co., Ltd. provides wireless telecommunications services principally in Korea. SK Telecom has a market cap of $13.9 billion and is part of the telecommunications industry. Shares are up 40.6% year to date as of the close of trading on Monday. 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.

On the positive front, Bankrate ( RATE), up 17.2%, Plug Power ( PLUG), up 16.8%, Silicon Motion Technology Corporation ( SIMO), up 13.4% and Peregrine Semiconductor ( PSMI), up 12.9% , were all gainers within the technology sector with Accenture ( ACN) 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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