3 Stocks Pushing The Diversified Services Industry Lower

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All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 96 points (-0.6%) at 16,467 as of Friday, Aug. 1, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 828 issues advancing vs. 2,201 declining with 119 unchanged.

The Diversified Services industry currently sits down 0.9% versus the S&P 500, which is down 0.6%. On the negative front, top decliners within the industry include Altisource Portfolio Solutions ( ASPS), down 4.9%, Financial Engines ( FNGN), down 4.1%, AthenaHealth ( ATHN), down 3.6%, New Oriental Education & Technology Group I ( EDU), down 2.6% and Fleetcor Technologies ( FLT), down 2.5%.

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 $1.85 (-2.4%) to $75.47 on average volume. Thus far, 859,905 shares of YY exchanged hands as compared to its average daily volume of 2.0 million shares. The stock has ranged in price between $74.21-$78.00 after having opened the day at $75.65 as compared to the previous trading day's close of $77.32.

YY Inc., through its subsidiaries, operates an online social platform in the People's Republic of China. YY has a market cap of $4.4 billion and is part of the technology sector. Shares are up 53.8% year-to-date as of the close of trading on Thursday. 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 impressive record of earnings per share growth. However, as a counter to these strengths, we also find weaknesses including premium valuation and generally higher debt management risk. Get the full YY Ratings Report now.

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