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TheStreet Wire

Alere Stock Hits New 52-Week Low (ALR)

By TheStreet Wire 09/26/11 - 10:25 AM EDT

Find out if (ALR) is in Cramer's Portfolio.

NEW YORK (TheStreet) -- Alere Inc (NYSE:ALR) hit a new 52-week low Monday as it is currently trading at $20.89, below its previous 52-week low of $21.06 with 100,853 shares traded as of 10:01 a.m. ET. Average volume has been one million shares over the past 30 days.

Alere has a market cap of $1.9 billion and is part of the health care sector and health services industry. Shares are down 40.8% year to date as of the close of trading on Friday.

Alere Inc. engages in the development, manufacture, and marketing of consumer and professional medical diagnostic products in the United States and internationally.

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

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