5 Stocks Pulling The Electronics Industry Downward

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All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 91 points (-0.6%) at 15,838 as of Wednesday, Jan. 29, 2014, 11:55 AM ET. The NYSE advances/declines ratio sits at 929 issues advancing vs. 2,026 declining with 145 unchanged.

The Electronics industry currently is unchanged today versus the S&P 500, which is down 0.4%. On the negative front, top decliners within the industry include CGG ( CGG), down 3.0%, Semiconductor Manufacturing International C ( SMI), down 2.4% and Kyocera Corporation ( KYO), down 1.8%. Top gainers within the industry include Himax Technologies ( HIMX), up 5.2%, Advantest ( ATE), up 4.5%, Corning ( GLW), up 1.3% and Eaton Corporation ( ETN), up 0.4%.

TheStreet would like to highlight 5 stocks pushing the industry lower today:

5. Fluidigm Corporation ( FLDM) is one of the companies pushing the Electronics industry lower today. As of noon trading, Fluidigm Corporation is down $3.59 (-8.8%) to $37.39 on heavy volume. Thus far, 576,600 shares of Fluidigm Corporation exchanged hands as compared to its average daily volume of 248,500 shares. The stock has ranged in price between $36.44-$39.89 after having opened the day at $39.80 as compared to the previous trading day's close of $40.98.

Fluidigm Corporation develops, manufactures, and markets microfluidic systems for academic research institutions, clinical laboratories, pharmaceutical companies, and biotechnology and Ag-Bio companies. Fluidigm Corporation has a market cap of $1.0 billion and is part of the technology sector. Shares are up 7.0% year-to-date as of the close of trading on Tuesday. Currently there are 4 analysts that rate Fluidigm Corporation a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Fluidigm Corporation as a sell. Among the areas we feel are negative, one of the most important has been unimpressive growth in net income over time. Get the full Fluidigm Corporation Ratings Report now.

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