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Tickers in this Article: MDRX, PANL, TSEM, ACCO, ALLT, MG, ENS
The market has been slipping so far today. The Nasdaq is trading down 0.1%; the S&P 500 has declined 0.2%; and the Dow has slipped 0.2%. The technology sector is a category of stocks relating to the research, development and/or distribution of technologically based goods and services. This sector contains businesses revolving around the manufacturing of electronics, creation of software, computers or products and services relating to information technology. The technology sector offers a wide arrange of products and services for both customers and other businesses. Consumer goods like personal computers, stereos and televisions are continually improved and upgraded, offering the latest technology to all users. Businesses receive information and services from software and database systems, which allow the companies to make strategic business decisions.

Despite a bad day for the market overall so far, the Technology sector (XLK) is up 0.1% and its biggest movers are currently:
CompanyMarket CapPercentage Change
Allscripts Healthcare Solutions Inc (Nasdaq:MDRX)$1.83 billion+19.2%
Universal Display Corporation (Nasdaq:PANL)$1.52 billion+15.5%
Tower Semiconductor Ltd. (USA) (Nasdaq:TSEM)$3.32 billion-13.9%
ACCO Brands Corporation (NYSE:ACCO)$996.5 million-13.8%
Allot Communications Ltd. (Nasdaq:ALLT)$767.6 million+6.6%
Mistras Group, Inc. (NYSE:MG)$605.7 million-6.2%
EnerSys (NYSE:ENS)$1.71 billion+5.4%
Software Summary: Finviz.com Stock Screener

Allscripts Healthcare Solutions (Nasdaq:MDRX) has soared 19.2% to reach a current price of $11.44 per share. So far today, the company's volume is 9.6 million shares, three times its average over the past three months. The trading volume for a stock indicates the level of investor interest. In making a decision about a potential or existing investment, valuation ratios are useful as a basis for seeing whether the stock price is too high, reasonable, or a bargain. The debt-equity (D/E) ratio compares the total liabilities for a company to its total shareholder equity. MDRX has a low debt-equity ratio of 23%. Companies with low D/E ratios are more attractive to investors because they are better able to protect their business interests in times of decline. The D/E ratio is not a pure measurement of a company's debt because it includes operational liabilities in total liabilities.

Universal (Nasdaq:PANL) is trading at $37.92 per share, a significant rise of 15.5%. So far today, the company's volume is 2.4 million shares. Yesterday, volume was only 1.7 million shares. If a stock price makes a big move up or down, volume lets us know the significance of that move. Investors can make use of valuation ratios to estimate whether a stock is fairly valued. The assumption with high price/earnings stocks (generally of the growth variety) is that investors are willing to buy at a high price because they believe that the stock has significant growth potential, and the price/earnings to growth (PEG) ratio helps investors determine the degree of reliability of that growth assumption. PANL has a PEG ratio of 7.13. Because of the adjustment for earnings growth rate, the PEG ratio is somewhat more useful than many formulas for comparing companies in different industries.

Tower Semiconductor Ltd (Nasdaq:TSEM) is currently trading at $8.89 per share, after a steep drop of 13.9%. So far today, the company's volume is 50,715 shares, 1.5 times the average daily volume. 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. Investment valuation ratios can be very useful in estimating whether a stock price is too high, reasonable or a bargain investment opportunity. One of the favorite tools of many value investors is analyzing price/book value ratios, as it provides a measure of the underlying value of a company's assets as compared to the valuation of its equity. TSEM's P/B ratio of 1.2 shows that its share price is higher than its book value. This implies that investors expect management to create more value from a given set of assets and/or that the market value of the firm's assets is significantly higher than their accounting value. To put things in perspective, should be made among companies in the same industry rather than across industries. SEE: Investment Valuation Ratios: Price/Book Value Ratio

ACCO (NYSE:ACCO) is at a share price of $7.60 after a sharp decline of 13.8%. The company's volume for the day so far is 3.3 million shares. High volume indicates a lot of investor interest while low volume indicates the opposite. 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. One of the most important estimates of stock market valuation is the price/earnings ratio (P/E ratio). The P/E ratio for ACCO is 10.9, above the industry average of 6.57. A company with a high P/E ratio will eventually have to live up to the high rating by substantially increasing its earnings, or the price will need to drop. A high P/E ratio indicates a stock that is expensive, while a low P/E ratio indicates a stock that is cheap. SEE: Profit With The Power Of Price-To-Earnings

Allot (Nasdaq:ALLT) has increased to a share price of $26.43, a 6.6% rise. At 322,048 shares, the company's volume so far today is consistent with its current three-month average. Volume is an important indicator because it indicates how significant a price shift is. Investment valuation ratios can be very useful in estimating whether a stock price is too high, reasonable or a bargain investment opportunity. The price/earnings to growth (PEG) ratio compares a company's P/E ratio to its earnings-per-share growth rate, which tells you whether or not you are getting a good value when purchasing a stock with a high price/earnings ratio (P/E ratio). ALLT's PEG ratio is 2.66. 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.

Mistras Group (NYSE:MG) has fallen 6.2% and is currently trading at $20.34 per share. So far today, 147,665 shares of the company's stock have changed hands. Yesterday's volume was only 83,843 shares. 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. Investors can use valuation ratios as tools to estimate what kind of deal a particular investment is. The price/book value ratio is calculated by dividing the current stock price by the company's book value per share. MG has a P/B ratio of 3.08 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 value ratios are particularly useful to value investors, distressed or "vulture" investors, or any other investors purchasing beaten-down securities but are less useful to investors focused on growth stocks, purchasing IPOs, or investing in technology or other "asset-lite" companies. SEE: Using The Price-To-Book Ratio To Evaluate Companies

EnerSys (NYSE:ENS) is currently trading at $37.65 per share, a 5.4% increase. The company's volume is currently 485,210 shares for the day, 1.6 times the current daily 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 provide investors with an estimation, albeit a simplistic one, of the value of a stock. In a nutshell, the price/sales ratio shows how much Wall Street values every dollar of the company's sales. ENS has a low P/S ratio of 0.73. Low P/S ratios can indicate unrecognized value potential - so long as other criteria like high profit margins, low debt levels and growth prospects are in place. It is important to compare P/S ratios for companies in the same industry, as ratios can vary quite widely for companies in different industries.

The Bottom Line No matter the economic climate, Wall Street will always have stocks that make major moves each week. Daily stock performance should be weighed against historical performance and put in context of the market overall. However, these fundamental metrics must be analyzed with historic data, industry information in addition to firm specific financial statements.

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