Portfolio Recovery Associates Inc. (PRAA): Today's Featured Diversified Services 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.

Portfolio Recovery Associates ( PRAA) pushed the Diversified Services industry lower today making it today's featured Diversified Services laggard. The industry as a whole closed the day up 0.4%. By the end of trading, Portfolio Recovery Associates fell $0.59 (-1.0%) to $56.57 on heavy volume. Throughout the day, 1,075,004 shares of Portfolio Recovery Associates exchanged hands as compared to its average daily volume of 569,500 shares. The stock ranged in price between $55.74-$58.69 after having opened the day at $57.41 as compared to the previous trading day's close of $57.16. Other companies within the Diversified Services industry that declined today were: Information Services Group ( III), down 8.8%, China Yida ( CNYD), down 6.8%, EnviroStar ( EVI), down 6.1% and MGT Capital Investments ( MGT), down 6.0%.

Portfolio Recovery Associates, Inc., a financial and business service company, engages in the purchase, collection, and management of portfolios of defaulted consumer receivables in the United States and the United Kingdom. Portfolio Recovery Associates has a market cap of $3.0 billion and is part of the services sector. Shares are up 12.4% year to date as of the close of trading on Friday. Currently there are 4 analysts that rate Portfolio Recovery Associates a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Portfolio Recovery Associates as a buy. 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, solid stock price performance, impressive record of earnings per share growth and expanding profit margins. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.

On the positive front, Cadiz ( CDZI), up 6.8%, Mitcham Industries ( MIND), up 6.0%, Infoblox ( BLOX), up 6.0% and World Energy Solutions ( XWES), up 6.0% , were all gainers within the diversified services industry with Visa ( V) being today's featured diversified services industry leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the diversified services industry could consider iShares Dow Jones US Cons Services ( IYC) while those bearish on the diversified services industry could consider ProShares Ultra Short Consumer Sers ( SCC).

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