Cognizant Technology Solutions (CTSH) Down In Early Morning Trading

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.

Trade-Ideas LLC identified Cognizant Technology Solutions ( CTSH) as a pre-market laggard candidate. In addition to specific proprietary factors, Trade-Ideas identified Cognizant Technology Solutions as such a stock due to the following factors:

  • CTSH has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $166.5 million.
  • CTSH traded 10,212 shares today in the pre-market hours as of 7:53 AM.
  • CTSH is down 11.6% today from yesterday's close.

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More details on CTSH:

Cognizant Technology Solutions Corporation provides information technology (IT), consulting, and business process services worldwide. The company operates in four segments: Financial Services, Healthcare, Manufacturing/Retail/Logistics, and Other. CTSH has a PE ratio of 23.2. Currently there are 12 analysts that rate Cognizant Technology Solutions a buy, no analysts rate it a sell, and 1 rates it a hold.

The average volume for Cognizant Technology Solutions has been 3.5 million shares per day over the past 30 days. Cognizant Technology has a market cap of $30.0 billion and is part of the technology sector and computer software & services industry. The stock has a beta of 1.55 and a short float of 1.5% with 3.04 days to cover. Shares are down 0.9% year-to-date as of the close of trading on Monday.

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