NQ Mobile Inc (NQ): 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.

NQ Mobile ( NQ) pushed the Technology sector lower today making it today's featured Technology laggard. The sector as a whole closed the day up 1.4%. By the end of trading, NQ Mobile fell $0.79 (-3.6%) to $21.00 on heavy volume. Throughout the day, 5,363,455 shares of NQ Mobile exchanged hands as compared to its average daily volume of 2,572,000 shares. The stock ranged in price between $20.54-$22.00 after having opened the day at $21.63 as compared to the previous trading day's close of $21.79. Other companies within the Technology sector that declined today were: Friendfinder Networks ( FFN), down 92.8%, FAB Universal ( FU), down 18.7%, Deltathree ( DDDC), down 18.0% and Linktone ( LTON), down 12.9%.

NQ Mobile Inc. provides mobile Internet services in the areas of mobile security, privacy, productivity, personalized cloud, and family protection. It operates through two segments, Consumer and Enterprise. NQ Mobile has a market cap of $1.1 billion and is part of the computer software & services industry. Shares are up 286.8% year to date as of the close of trading on Monday. Currently there are 2 analysts that rate NQ Mobile a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates NQ Mobile as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and feeble growth in the company's earnings per share.

On the positive front, CSR ( CSRE), up 195.0%, Revolution Lighting Technologies ( RVLT), up 51.0%, Nexxus Lighting ( NEXS), up 51.0% and Alvarion ( ALVR), up 28.4% , were all gainers within the technology sector with Hewlett-Packard ( HPQ) 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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