Investors reacted positively to the technology stocks on Friday. Key movement were observed in ScanSource, Inc (NASDAQ:SCSC) and Imation Corp (NYSE:IMN) on percentage decliners side while Microsoft Corporation (NASDAQ:MSFT) was prominent stock on most active side.
Technology sector turned mostly higher on Friday supported by solid gains from shares of Microsoft Corporation (NASDAQ:MSFT), Netflix, Inc (NASDAQ:NFLX) and chip makers, but Apple Inc’s (NASDAQ:AAPL) stock again were in the red.
The technology sector received a lift from Microsoft Corp, shares of world’s biggest software maker recovered from a wobbly start, hiked 1% to finish at $27.88.
Conversely, iPhone and iPad maker Apple, who lost world’s biggest company title to Exxon Mobil Corporation (NYSE:XOM), stock continued to be volatile following the Cupertino, California based company’s disappointing quarterly results.
Microsoft Corporation’s YTD performance was recorded as 4.38% while its market capitalization was $233.53 billion. The company has P/B ratio of 3.41 while P/E ratio was booked as 15.07. Institutional ownership owns 67.43% shares of the company while beta factor, which is used to measure riskiness of the security, was 0.97. Net profit margin of the company was 21.71% while its gross profit margin was 75.23%.
Apple Inc. (NASDAQ:AAPL) has market capitalization of $413.06 billion. Its current ratio was 1.50 while its shares were lagging behind SMA50 with -17.63. The company offered earnings per share of 44.10 while its 940.69 million shares were outstanding. YTD performance of the stock was -17.34%.
Cirrus Logic, Inc. (NASDAQ:CRUS) has the market capitalization of $1.89 billion. The company’s EPS was 2.35 while its 65.49 million shares were outstanding. Its institutional ownership was 75.87%. Shares of the company were moving ahead of SMA50 with 0.57% while its YTD performance was 1.55%.
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