NEW YORK (TheStreet) -- Office Depot (ODP) was dropping 4% to $4.80 on Monday on the heels of a study that revealed the company has one of the worst password policies among the top 100 online retailers in the U.S.
Internet security firm Dashlane conducted a study that ranked Amazon (AMZN), Walmart (WMT), Macy's (M), Staples (SPLS) and Office Depot among the worst password policies, while Apple (AAPL) was the only company to earn a perfect score in the study. The firm used 25 criteria, most of which dealt with the account creation process on a given company's website, and then assigned points on a scale of -100 to 100.
Apple scored 100, while Office Depot, Walmart and Macy's each registered -35. Amazon ranked worst at -40, while Staples had -30.
Amazon, Walmart, Macy's and Staples were all down in early afternoon trading on Monday.
TheStreet Ratings team rates OFFICE DEPOT INC as a Hold with a ratings score of C-. TheStreet Ratings Team has this to say about their recommendation:
"We rate OFFICE DEPOT INC (ODP) a HOLD. The primary factors that have impacted our rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, impressive record of earnings per share growth and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including poor profit margins and weak operating cash flow."