Monday’s trading session data confirmed that technology sector reacted positively with +1.30% change. SINA Corp (NASDAQ:SINA) and Trina Solar Limited (ADR) (NYSE:TSL) were major percentage gainers in this sector while key percentage decliner was Leap Wireless International, Inc (NASDAQ:LEAP).
Baidu.com, Inc (ADR) (NASDAQ:BIDU) stock traded over 50% below its average valuation over the past 5 years as the Chinese Internet corporation struggles to diversify while maintaining profit growth amid a slowdown in advertising.
Baidu, owner of China’s most-used search engine, shares listed in U.S. stock exchange tumbled 7.9% April 26 to trade at 15 times forecasted earnings.
Baidu.com, Inc. (ADR)’s YTD performance was recorded as -14.76% while its market capitalization was $29.85 billion. The company has P/B ratio of 7.20 while P/E ratio was booked as 17.63. Institutional ownership owns 82.16% shares of the company while beta factor, which is used to measure riskiness of the security, was 1.57. Net profit margin of the company was 46.59% while its gross profit margin was 73.91%.
The Beijing- based Sohu.com Inc (NASDAQ:SOHU), owner of China’s third-biggest search engine, announced fiscal Q1 profit that surpass Wall Street forecasts on higher online advertising sales.
The company announced in a statement on Monday that net income moved up 14% to $23 million, surpass the $18.8 million median of 6 analysts’ forecasts gathered by Bloomberg.
Sohu.com Inc has market capitalization of $1.93 billion. Its current ratio was 2.23 while its shares were looking forward SMA50 with 7.64. The company offered earnings per share of 2.03 while its 38.15 million shares were outstanding. YTD performance of the stock was 7.01%.
Google Inc (NASDAQ:GOOG) has the market capitalization of $271.12 billion. The company’s EPS was 33.59 while its 331.77 million shares were outstanding. Its institutional ownership was 85.78%. Shares of the company were moving ahead of SMA50 with 1.89% while its YTD performance was 15.79%.
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