4 Stocks Dragging In The Computer Software & Services Industry

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All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 70 points (0.5%) at 14,846 as of Wednesday, Aug. 28, 2013, 12:45 PM ET. The NYSE advances/declines ratio sits at 1,865 issues advancing vs. 1,062 declining with 104 unchanged.

The Computer Software & Services industry currently sits up 0.5% versus the S&P 500, which is up 0.6%. A company within the industry that fell today was Catamaran ( CTRX), up 0.8%. Top gainers within the industry include Igate Corporation ( IGTE), up 8.1%, Wipro ( WIT), up 2.5%, Xerox Corporation ( XRX), up 2.2%, 3D Systems Corporation ( DDD), up 2.4% and Check Point Software Technologies ( CHKP), up 1.4%.

TheStreet would like to highlight 4 stocks pushing the industry lower today:

4. AutoNavi Holdings ( AMAP) is one of the companies pushing the Computer Software & Services industry lower today. As of noon trading, AutoNavi Holdings is down $1.93 (-13.2%) to $12.72 on heavy volume. Thus far, 1.4 million shares of AutoNavi Holdings exchanged hands as compared to its average daily volume of 440,900 shares. The stock has ranged in price between $11.78-$13.64 after having opened the day at $11.79 as compared to the previous trading day's close of $14.65.

AutoNavi Holdings Limited, through its subsidiaries, provides digital map content, and navigation and location-based solutions in China. AutoNavi Holdings has a market cap of $1.1 billion and is part of the technology sector. Shares are up 34.3% year to date as of the close of trading on Tuesday. Currently there are 2 analysts that rate AutoNavi Holdings a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates AutoNavi Holdings as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels, solid stock price performance and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full AutoNavi Holdings Ratings Report now.

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