Ixia Stock Hits New 52-Week Low (XXIA)

NEW YORK (TheStreet) -- Ixia (Nasdaq:XXIA) hit a new 52-week low Tuesday as it is currently trading at $7.38, below its previous 52-week low of $7.40 with 44,984 shares traded as of 9:46 a.m. ET. Average volume has been 693,600 shares over the past 30 days.

Ixia has a market cap of $544.4 million and is part of the technology sector and electronics industry. Shares are down 53.3% year to date as of the close of trading on Friday.

Ixia supplies converged network and application performance testing solutions for network equipment manufacturers, service providers, enterprises, and government agencies the United States and internationally. It designs and validates a range of IP and 3G/LTE networking equipment. The company has a P/E ratio of 29, equal to the average electronics industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Ixia as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we find that the stock has had a generally disappointing performance in the past year. You can view the full Ixia Ratings Report.

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