Intel investors were likely spooked today by Barrons's report: "Intel Gets Underweight Rating. Market Share Losses a Concern, Says Analyst. ..." For more coverage, read the full article here. On the back of this news, Intel sank -1.1% to a price of $29.42. Are the markets overreacting?
Intel Corporation engages in the design, manufacture, and sale of computer products and technologies worldwide. The company belongs to the Technology sector, which has an average price to earnings (P/E) ratio of 26.5 and an average price to book (P/B) ratio of 5.57. In contrast, Intel has a trailing 12 month P/E ratio of 9.1 and a P/B ratio of 1.2.
Intel has moved -40.8% over the last year compared to -15.5% for the S&P 500 -- a difference of -25.3%. Intel has a 52 week high of $56.28 and a 52 week low of $24.59. If you are interested in keeping up to date with equity markets, subscribe to our free newsletter today!