Jefferies Group, Inc. (NYSE:JEF) lowered Hewlett-Packard Company (NYSE:HPQ), the world’s biggest personal computer manufacturer, rating to “underperform” from “hold,” and mentioned they continued to anticipate problems in the Hewlett-Packard’s personal computer, services, and printer units.
The Palo Alto, California based company has been struggling with lowering personal computer sales as consumers opt for smart phones and tablets, hard economic conditions in Euro zone and lowering Chinese growth.
Hewlett-Packard recently wrote down $13.9 billion in assets linked with its acquisition of Electronic Data Systems Corp.
Jefferies lower its price target on the corporation’s stock to $14 from $17. Jefferies also reported that it anticipates Hewlett-Packard to aggressively invest in the Smartphone and tablet markets.
Shifting reader’s focus to broader market, let us consider market performance of other stocks that significantly affect same sector. Xerox Corporation (NYSE:XRX) fell -0.54% to settle at $7.34, Cray Inc. (NASDAQ:CRAY) moved down -2.00% to end at $12.71 while CSP Inc. (NASDAQ:CSPI) dropped -4.27% to finish at $4.48 on Friday.
Hewlett-Packard Company (NYSE:HPQ)’s last session’s volume of 22.71 million shares was surprisingly lower than its average volume of 24.08 million shares. The stock after opening at $17.17 hit high price of $17.32 and then closed at $17.06 by scoring -0.96%.
The liquidity measure in recent quarter results of the company was recorded 1.12 as current ratio and on the other side the debt to equity ratio was 0.94 and long-term debt to equity ratio remained at 0.76. The Company had total cash of $9.53 billion at hand and a book value per share as $16.07 in the most recent quarter.
The stock’s price volatility was 3.42% for a week and 2.47% for a month as well as price volatility’s Average True Range for 14 days was 0.51 and its beta remained at 1.04.
HPQ generated revenue of $122.52 billion in the previous twelve months. The Company showed a negative -4.54% in the net profit margin as well as in its operating margin which remained at -3.08%. Company’s annual sales growth for the past five years was 6.78%.
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