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Coach Among the NYSE's Biggest Movers on September 21, 2012
The Nasdaq has been relatively flat, the S&P 500 is trading down 0.3% and the Dow remains relatively unchanged so far today. The NYSE is a stock exchange based in New York City, considered the largest equities-based exchange in the world based on total market capitalization of its listed securities.
The biggest movers traded on the NYSE so far are:
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Shares of Blyth (NYSE:BTH) are currently trading at $34.01, a steep decline of 12.6%. The company's volume is currently 2.2 million shares for the day, 14.4 times the average daily volume. Volume is used to evaluate how meaningful the price movement of a stock is. Investors can use valuation ratios as tools to estimate what kind of deal a particular investment is. The debt ratio is calculated by dividing total liabilities by total assets. BTH has a high debt ratio of 77.7%. This might mean that the company now has low borrowing capacity, which reduces it's financial flexibility. As with all financial ratios, a company's debt ratio should be compared with the industry average or similar companies.
Cooper Tire & Rubber (NYSE:CTB) has decreased to $19.95 per share, a 9.3% fall. So far today, the company's volume is 1.6 million shares. This is more trading activity than there was yesterday. If a stock is trading on low volume, then there is not much interest in the stock. On the other hand, if a stock is trading on high volume, then there is a lot of interest in the stock. Investment valuation ratios can be very useful in determining the value of a stock, but it is very important to keep in mind that while some financial ratios have general rules (or a broad application), in most instances it is a prudent practice to look at a company's historical performance and use peer company/industry comparisons to put any given company's ratio in perspective. The dividend yield is calculated by dividing a company's dividends per share by its stock price. CTB's dividend yield of 1.9% is fairly low. This may indicate that the company's stock is overpriced. For income-oriented investors such as retirees, a stock with a high dividend yield may be more attractive than a stock with a low dividend yield. SEE: Dividend Yield For The Downturn
Currently trading at $28.05 per share, PT Indosat Tbk (NYSE:IIT) has fallen 6.2%. The company's volume for the day so far is 2,350 shares, consistent with its current three-month average. When a stock price moves up or down, watching the volume is a good way of identifying how significant that shift is. Investment valuation ratios can be very useful in estimating whether a stock price is too high, reasonable or a bargain investment opportunity. In a nutshell, the price/sales ratio shows how much Wall Street values every dollar of the company's sales. IIT has a high P/S ratio of 1.51. This could be a good sign if the share price increases. All things being equal, a low P/S ratio is good news for investors, while a very high one can be a warning sign.
Rising 5.7%, Michael Kors (NYSE:KORS) is currently trading at $55.47 per share. So far today, 5.2 million shares have changed hands. The trading volume for a stock indicates the level of investor interest. When estimating the value of a particular investment, valuation ratios provide a good basis for assessing the value of an individual stock. The price/book value ratio, often expressed simply as "price-to-book", provides investors a way to compare the market value, or what they are paying for each share, to a conservative measure of the value of the firm. KORS has a P/B ratio of 20.03 which shows that its share price is higher than its book value. This high share price relative to asset value is likely to indicate that the company has been earning a very high return on its assets. P/B has its shortcomings but is still widely used as a valuation metric, more relevant for use by investors looking at capital-intensive or finance-related businesses, such as banks; book value does not carry much meaning for service-based firms with few tangible assets. SEE: Using The Price-To-Book Ratio To Evaluate Companies
Slipping 4.6%, QIHOO 360 (NYSE:QIHU) is currently trading at $23.61 per share. At 1.4 million shares, the company's volume so far today is in line with the current daily average. If a stock price makes a big move up or down, volume lets us know the significance of that move. A company's investment value can be estimated using valuation ratios such as the price to earnings (P/E) ratio, the price to earnings growth (PEG) ratio, the price to sales (P/S) ratio, the price to book (P/B) ratio, and the dividend yield. One of the most important estimates of stock market valuation is the price/earnings ratio (P/E ratio). QIHU's P/E ratio of 129.2 is above the industry average of 6.84. Usually, if a stock has a high P/E ratio, it indicates that the market expects the company to grow earnings quickly in the future. From the investor's perspective, a stock with a lower ratio is relatively cheaper than a stock with a higher ratio. SEE: Profit With The Power Of Price-To-Earnings
IHS (NYSE:IHS) is currently trading at a share price of $90.56, a 4.4% decline. The company's volume for the day so far is 478,936 shares. This is a sign that there will be less trading activity than there was yesterday. As a stock moves up or down, it is important to pay attention to the trading volume. This indicates the level of interest: the higher the volume, the more the interest. Understanding investment valuation ratios allows an investor to assess the true value of an individual stock. When used consistently and uniformly, the price/earnings to growth (PEG) ratio is an essential tool that adds dimension to the price/earnings ratio, allows comparisons across diverse industries and is always on the lookout for value. IHS has a PEG ratio of 3.4. While P/E ratios are important indicators of market value, a high P/E in and of itself is not bad because it may indicate a company whose earnings are growing very rapidly, so many investors look at the PEG ratio in order to get an idea of whether or not a particular P/E ratio is justified by underlying earnings growth.
After a decline of 3.9%, Coach (NYSE:COH) has hit a share price of $56.69. With 5.1 million shares changing hands so far today, the company's volume is 0.9 times the average volume over the last three months. Volume is an important indicator because it indicates how significant a price shift is. Investors can make use of valuation ratios to estimate whether a stock is fairly valued. The debt ratio measures the leverage of a company, and a company's leverage is a good way to assess risk. COH has a low debt ratio of 35.8%. In other words, the company is less sensitive to changes in business or interest rates since less of its cash flow is dedicated to paying off loan expenses. However, one thing to note with this ratio: it isn't a pure measure of a company's debt (or indebtedness), as it also includes operational liabilities, such as accounts payable and taxes payable.
The Bottom Line The nature of the market is such that stocks will have good days and bad days. Paying close attention to the previous ratios will help you identify key times to adjust your strategy. Tools like valuation ratios and profit margins, however, are only as useful as the context you put them in; remember to take historical data and competitor performance into account.
The biggest movers traded on the NYSE so far are:
| Company | Market Cap | Percentage Change |
| Blyth (NYSE:BTH) | $711.9 million | -12.6% |
| Cooper Tire & Rubber (NYSE:CTB) | $1.36 billion | -9.3% |
| PT Indosat Tbk (NYSE:IIT) | $3.45 billion | -6.2% |
| Michael Kors (NYSE:KORS) | $10.16 billion | +5.7% |
| QIHOO 360 (NYSE:QIHU) | $2.95 billion | -4.6% |
| IHS (NYSE:IHS) | $7.63 billion | -4.4% |
| Coach (NYSE:COH) | $17.22 billion | -3.9% |
Shares of Blyth (NYSE:BTH) are currently trading at $34.01, a steep decline of 12.6%. The company's volume is currently 2.2 million shares for the day, 14.4 times the average daily volume. Volume is used to evaluate how meaningful the price movement of a stock is. Investors can use valuation ratios as tools to estimate what kind of deal a particular investment is. The debt ratio is calculated by dividing total liabilities by total assets. BTH has a high debt ratio of 77.7%. This might mean that the company now has low borrowing capacity, which reduces it's financial flexibility. As with all financial ratios, a company's debt ratio should be compared with the industry average or similar companies.
Cooper Tire & Rubber (NYSE:CTB) has decreased to $19.95 per share, a 9.3% fall. So far today, the company's volume is 1.6 million shares. This is more trading activity than there was yesterday. If a stock is trading on low volume, then there is not much interest in the stock. On the other hand, if a stock is trading on high volume, then there is a lot of interest in the stock. Investment valuation ratios can be very useful in determining the value of a stock, but it is very important to keep in mind that while some financial ratios have general rules (or a broad application), in most instances it is a prudent practice to look at a company's historical performance and use peer company/industry comparisons to put any given company's ratio in perspective. The dividend yield is calculated by dividing a company's dividends per share by its stock price. CTB's dividend yield of 1.9% is fairly low. This may indicate that the company's stock is overpriced. For income-oriented investors such as retirees, a stock with a high dividend yield may be more attractive than a stock with a low dividend yield. SEE: Dividend Yield For The Downturn
Currently trading at $28.05 per share, PT Indosat Tbk (NYSE:IIT) has fallen 6.2%. The company's volume for the day so far is 2,350 shares, consistent with its current three-month average. When a stock price moves up or down, watching the volume is a good way of identifying how significant that shift is. Investment valuation ratios can be very useful in estimating whether a stock price is too high, reasonable or a bargain investment opportunity. In a nutshell, the price/sales ratio shows how much Wall Street values every dollar of the company's sales. IIT has a high P/S ratio of 1.51. This could be a good sign if the share price increases. All things being equal, a low P/S ratio is good news for investors, while a very high one can be a warning sign.
Rising 5.7%, Michael Kors (NYSE:KORS) is currently trading at $55.47 per share. So far today, 5.2 million shares have changed hands. The trading volume for a stock indicates the level of investor interest. When estimating the value of a particular investment, valuation ratios provide a good basis for assessing the value of an individual stock. The price/book value ratio, often expressed simply as "price-to-book", provides investors a way to compare the market value, or what they are paying for each share, to a conservative measure of the value of the firm. KORS has a P/B ratio of 20.03 which shows that its share price is higher than its book value. This high share price relative to asset value is likely to indicate that the company has been earning a very high return on its assets. P/B has its shortcomings but is still widely used as a valuation metric, more relevant for use by investors looking at capital-intensive or finance-related businesses, such as banks; book value does not carry much meaning for service-based firms with few tangible assets. SEE: Using The Price-To-Book Ratio To Evaluate Companies
Slipping 4.6%, QIHOO 360 (NYSE:QIHU) is currently trading at $23.61 per share. At 1.4 million shares, the company's volume so far today is in line with the current daily average. If a stock price makes a big move up or down, volume lets us know the significance of that move. A company's investment value can be estimated using valuation ratios such as the price to earnings (P/E) ratio, the price to earnings growth (PEG) ratio, the price to sales (P/S) ratio, the price to book (P/B) ratio, and the dividend yield. One of the most important estimates of stock market valuation is the price/earnings ratio (P/E ratio). QIHU's P/E ratio of 129.2 is above the industry average of 6.84. Usually, if a stock has a high P/E ratio, it indicates that the market expects the company to grow earnings quickly in the future. From the investor's perspective, a stock with a lower ratio is relatively cheaper than a stock with a higher ratio. SEE: Profit With The Power Of Price-To-Earnings
IHS (NYSE:IHS) is currently trading at a share price of $90.56, a 4.4% decline. The company's volume for the day so far is 478,936 shares. This is a sign that there will be less trading activity than there was yesterday. As a stock moves up or down, it is important to pay attention to the trading volume. This indicates the level of interest: the higher the volume, the more the interest. Understanding investment valuation ratios allows an investor to assess the true value of an individual stock. When used consistently and uniformly, the price/earnings to growth (PEG) ratio is an essential tool that adds dimension to the price/earnings ratio, allows comparisons across diverse industries and is always on the lookout for value. IHS has a PEG ratio of 3.4. While P/E ratios are important indicators of market value, a high P/E in and of itself is not bad because it may indicate a company whose earnings are growing very rapidly, so many investors look at the PEG ratio in order to get an idea of whether or not a particular P/E ratio is justified by underlying earnings growth.
After a decline of 3.9%, Coach (NYSE:COH) has hit a share price of $56.69. With 5.1 million shares changing hands so far today, the company's volume is 0.9 times the average volume over the last three months. Volume is an important indicator because it indicates how significant a price shift is. Investors can make use of valuation ratios to estimate whether a stock is fairly valued. The debt ratio measures the leverage of a company, and a company's leverage is a good way to assess risk. COH has a low debt ratio of 35.8%. In other words, the company is less sensitive to changes in business or interest rates since less of its cash flow is dedicated to paying off loan expenses. However, one thing to note with this ratio: it isn't a pure measure of a company's debt (or indebtedness), as it also includes operational liabilities, such as accounts payable and taxes payable.
The Bottom Line The nature of the market is such that stocks will have good days and bad days. Paying close attention to the previous ratios will help you identify key times to adjust your strategy. Tools like valuation ratios and profit margins, however, are only as useful as the context you put them in; remember to take historical data and competitor performance into account.
by
Investopedia Staff
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