Garmin Ltd. (GRMN): Today's Featured Electronics 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.

Garmin ( GRMN) pushed the Electronics industry lower today making it today's featured Electronics laggard. The industry as a whole closed the day up 1.2%. By the end of trading, Garmin fell $0.73 (-1.6%) to $45.68 on average volume. Throughout the day, 991,681 shares of Garmin exchanged hands as compared to its average daily volume of 1,182,600 shares. The stock ranged in price between $45.59-$46.64 after having opened the day at $46.41 as compared to the previous trading day's close of $46.41. Other companies within the Electronics industry that declined today were: Superconductor Technologies ( SCON), down 12.2%, Uni-pixel ( UNXL), down 10.1%, Aehr Test Systems ( AEHR), down 6.5% and Vimicro International Corporation ( VIMC), down 5.6%.

Garmin Ltd. is a worldwide provider of navigation, communications and information devices, most of which are enabled by global positioning system (GPS) technology. Garmin has a market cap of $9.1 billion and is part of the technology sector. The company has a P/E ratio of 15.8, below the S&P 500 P/E ratio of 17.7. Shares are up 0.5% year to date as of the close of trading on Monday. Currently there are 3 analysts that rate Garmin a buy, 1 analyst rates it a sell, and 6 rate it a hold.

TheStreet Ratings rates Garmin 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, expanding profit margins, good cash flow from operations, increase in stock price during the past year and growth in earnings per share. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.

On the positive front, Plug Power ( PLUG), up 39.0%, SemiLEDs ( LEDS), up 15.7%, Eltek ( ELTK), up 15.3% and Sevcon ( SEV), up 14.2% , were all gainers within the electronics industry with Canadian Solar ( CSIQ) being today's featured electronics industry leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the electronics industry could consider iShares Dow Jones US Technology ( IYW) while those bearish on the electronics industry could consider ProShares Ultra Short Semiconductor ( SSG).

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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