3 Stocks Dragging In The Diversified Services Industry

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.

One out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading up 34 points (0.2%) at 16,956 as of Friday, June 20, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,547 issues advancing vs. 1,406 declining with 177 unchanged.

The Diversified Services industry currently sits down 0.1% versus the S&P 500, which is up 0.1%. On the negative front, top decliners within the industry include AthenaHealth ( ATHN), down 3.0%, YY ( YY), down 1.3%, Zillow ( Z), down 1.1%, Priceline Group ( PCLN), down 0.8% and Tyco International ( TYC), down 0.7%. Top gainers within the industry include New Oriental Education & Technology Group I ( EDU), up 1.4%, WEX ( WEX), up 1.4%, Qiagen ( QGEN), up 1.2%, Total System Services ( TSS), up 1.2% and Paychex ( PAYX), up 1.1%.

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

3. Shutterstock ( SSTK) is one of the companies pushing the Diversified Services industry lower today. As of noon trading, Shutterstock is down $1.98 (-2.4%) to $81.55 on light volume. Thus far, 120,592 shares of Shutterstock exchanged hands as compared to its average daily volume of 374,000 shares. The stock has ranged in price between $81.55-$84.13 after having opened the day at $84.13 as compared to the previous trading day's close of $83.53.

Shutterstock, Inc. operates an online marketplace for commercial digital imagery. Shutterstock has a market cap of $3.0 billion and is part of the services sector. Shares are down 0.1% year-to-date as of the close of trading on Thursday. Currently there are 4 analysts that rate Shutterstock a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Shutterstock as a hold. 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 and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and premium valuation. Get the full Shutterstock Ratings Report now.

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