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

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SK Telecom ( SKM) pushed the Technology sector lower today making it today's featured Technology laggard. The sector as a whole closed the day down 0.1%. By the end of trading, SK Telecom fell $0.82 (-3.8%) to $21.04 on light volume. Throughout the day, 950,419 shares of SK Telecom exchanged hands as compared to its average daily volume of 1,521,500 shares. The stock ranged in price between $21.02-$21.33 after having opened the day at $21.24 as compared to the previous trading day's close of $21.86. Other companies within the Technology sector that declined today were: Merge Healthcare ( MRGE), down 46.0%, NeoPhotonics ( NPTN), down 14.9%, Selectica ( SLTC), down 13.0% and Ascent Solar Technologies ( ASTI), down 11.5%.

SK Telecom Co., Ltd. provides wireless telecommunications services principally in Korea. SK Telecom has a market cap of $13.6 billion and is part of the telecommunications industry. Shares are up 37.1% 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, growth in earnings per share and increase in net income. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.

On the positive front, CSR ( CSRE), up 181.6%, Performance Technologies ( PTIX), up 71.7%, BOS Better Online Solutions ( BOSC), up 30.9% and Ubiquiti Networks ( UBNT), up 24.5% , were all gainers within the technology sector with Yelp ( YELP) 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).

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