Sprint Nextel Stock Hits New 52-Week Low (S)

NEW YORK (TheStreet) -- Sprint Nextel (NYSE:S) hit a new 52-week low Thursday as it is currently trading at $2.96, below its previous 52-week low of $2.98 with 79.5 million shares traded as of 3:30 p.m. ET. Average volume has been 63.4 million shares over the past 30 days.

Sprint Nextel has a market cap of $10 billion and is part of the technology sector and telecommunications industry. Shares are down 23.2% year to date as of the close of trading on Wednesday.

Sprint Nextel Corporation, through its subsidiaries, offers wireless and wireline communications products and services to individual consumers, businesses, government subscribers, and resellers in the United States, Puerto Rico, and the U.S. Virgin Islands.

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TheStreet Ratings rates Sprint Nextel as a sell. The company's weaknesses can be seen in multiple areas, such as its generally weak debt management, disappointing return on equity, weak operating cash flow, generally disappointing historical performance in the stock itself and deteriorating net income. You can view the full Sprint Nextel Ratings Report.

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