SINA Corporation (SINA): Today's Featured Internet 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.

SINA Corporation ( SINA) pushed the Internet industry lower today making it today's featured Internet laggard. The industry as a whole closed the day up 0.2%. By the end of trading, SINA Corporation fell $2.30 (-2.9%) to $77.31 on light volume. Throughout the day, 2,111,347 shares of SINA Corporation exchanged hands as compared to its average daily volume of 3,043,900 shares. The stock ranged in price between $77.02-$80.85 after having opened the day at $80.58 as compared to the previous trading day's close of $79.61. Other companies within the Internet industry that declined today were: Bitauto Holdings ( BITA), down 7.6%, Phoenix New Media ( FENG), down 6.2%, Youku Tudou Inc ADR repr Class A ( YOKU), down 4.4% and YY ( YY), down 4.2%.

SINA Corporation, through its subsidiaries, operates as an online media company in the People's Republic of China. SINA Corporation has a market cap of $5.3 billion and is part of the technology sector. The company has a P/E ratio of 72.0, above the S&P 500 P/E ratio of 17.7. Shares are up 58.5% year to date as of the close of trading on Thursday. Currently there are 9 analysts that rate SINA Corporation a buy, 1 analyst rates it a sell, and 1 rates it a hold.

TheStreet Ratings rates SINA Corporation 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 growth in earnings per share. However, as a counter to these strengths, we find that the company's return on equity has been disappointing.

On the positive front, Wix.com ( WIX), up 8.9%, Ixia ( XXIA), up 8.8%, support.com ( SPRT), up 5.6% and ModusLink Global Solutions ( MLNK), up 4.4% , were all gainers within the internet industry with Google ( GOOG) being today's featured internet industry leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the internet industry could consider First Trust Dow Jones Internet Idx ( FDN) while those bearish on the internet industry 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.
null

If you liked this article you might like

A Technical Look at the AdvisorShares New Tech and Media ETF

A Technical Look at the AdvisorShares New Tech and Media ETF

This Chinese Stock Is Set to Wow the Market Again in 2018

This Chinese Stock Is Set to Wow the Market Again in 2018

China's Tech Giants Rise Despite World's Worst Online Oppression

China's Tech Giants Rise Despite World's Worst Online Oppression

China's Tech Giants Rise on the Back of World's Worst Online Oppression

China's Tech Giants Rise on the Back of World's Worst Online Oppression

Energy of Dip Buyers Appears to Be Dipping

Energy of Dip Buyers Appears to Be Dipping