3 Stocks Pushing The Financial Services Industry Lower

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.

The Financial Services industry as a whole closed the day down 0.2% versus the S&P 500, which was down 0.7%. Laggards within the Financial Services industry included Paulson Capital ( PLCC), down 5.3%, US Global Investors ( GROW), down 2.1%, Value Line ( VALU), down 2.1%, MS Eastern Europe Fund ( RNE), down 2.0% and Palmetto ( PLMT), down 1.7%.

TheStreet Ratings Group would like to highlight 3 stocks that pushed the industry lower today:

QIWI ( QIWI) is one of the companies that pushed the Financial Services industry lower today. QIWI was down $2.80 (7.2%) to $35.80 on heavy volume. Throughout the day, 1,966,574 shares of QIWI exchanged hands as compared to its average daily volume of 659,300 shares. The stock ranged in price between $35.61-$38.13 after having opened the day at $37.75 as compared to the previous trading day's close of $38.60.

QIWI plc, together with its subsidiaries, operates electronic online payment systems primarily in the Russian Federation, Kazakhstan, Moldova, Belarus, Romania, the United States, and the United Arab Emirates. QIWI has a market cap of $2.1 billion and is part of the financial sector. Shares are down 31.1% year-to-date as of the close of trading on Monday. Currently there are 4 analysts who rate QIWI a buy, no analysts rate it a sell, and 1 rates it a hold.

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TheStreet Ratings rates QIWI as a hold. The company's strengths can be seen in multiple areas, such as its increase in stock price during the past year, 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.

Highlights from TheStreet Ratings analysis on QIWI go as follows:

  • Compared to where it was a year ago today, the stock is now trading at a higher level, reflecting both the market's overall trend during that period and the fact that the company's earnings growth has been robust.
  • The revenue growth greatly exceeded the industry average of 12.2%. Since the same quarter one year prior, revenues rose by 30.3%. Growth in the company's revenue appears to have helped boost the earnings per share.
  • QIWI's debt-to-equity ratio is very low at 0.18 and is currently below that of the industry average, implying that there has been very successful management of debt levels. Along with the favorable debt-to-equity ratio, the company maintains an adequate quick ratio of 1.22, which illustrates the ability to avoid short-term cash problems.
  • QIWI PLC -ADR reported significant earnings per share improvement in the most recent quarter compared to the same quarter a year ago. This year, the market expects an improvement in earnings ($1.59 versus $0.86).
  • The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the IT Services industry. The net income increased by 69.5% when compared to the same quarter one year prior, rising from $13.36 million to $22.64 million.

You can view the full analysis from the report here: QIWI Ratings Report

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