3 Stocks Pulling The Diversified Services Industry Downward

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All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 83 points (-0.5%) at 16,448 as of Tuesday, May 6, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,223 issues advancing vs. 1,760 declining with 164 unchanged.

The Diversified Services industry currently sits down 0.3% versus the S&P 500, which is down 0.4%. On the negative front, top decliners within the industry include Genpact ( G), down 2.6%, Computer ( CSC), down 1.2%, H&R Block ( HRB), down 1.2% and Fidelity National Information Services ( FIS), down 1.1%. A company within the industry that increased today was Checkpoint Systems ( CKP), up 12.6%.

TheStreet would like to highlight 3 stocks pushing the industry lower today:

3. YY ( YY) is one of the companies pushing the Diversified Services industry lower today. As of noon trading, YY is down $3.69 (-6.0%) to $58.27 on heavy volume. Thus far, 4.2 million shares of YY exchanged hands as compared to its average daily volume of 2.4 million shares. The stock has ranged in price between $57.04-$60.75 after having opened the day at $59.16 as compared to the previous trading day's close of $61.96.

YY Inc., through its subsidiaries, operates an online social platform in the People's Republic of China. YY has a market cap of $3.4 billion and is part of the technology sector. The company has a P/E ratio of 45.2, above the S&P 500 P/E ratio of 17.7. Shares are up 23.2% year-to-date as of the close of trading on Monday. Currently there are 5 analysts that rate YY a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates YY as a hold. The company's strengths can be seen in multiple areas, such as its notable return on equity, robust revenue growth and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we find that the growth in the company's earnings per share has not been good. Get the full YY Ratings Report now.

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