NEW YORK (TheStreet) -- Shares of Microsoft (MSFT) fell 0.54% to $46.16 in afternoon trading Monday after CEO Satya Nadella agreed to fully cooperate with the Chinese government in its antitrust investigation into the tech giant.
China's State Administration for Industry and Commerce (SAIC) began its investigation in the summer. The SAIC has already taken evidence from several Microsoft offices in China and brought in high-level company executives for questioning, according to Reuters.
Nadella met with SAIC chief Zhang Mao on Friday.
Separately, TheStreet Ratings team rates MICROSOFT CORP as a "buy" with a ratings score of A-. TheStreet Ratings Team has this to say about their recommendation:
"We rate MICROSOFT CORP (MSFT) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, reasonable valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company has had sub par growth in net income."
- You can view the full analysis from the report here: MSFT Ratings Report