RF Micro Devices Stock Hits New 52-Week Low (RFMD)

NEW YORK (TheStreet) -- RF Micro Devices (Nasdaq:RFMD) hit a new 52-week low Monday as it is currently trading at $4.43, below its previous 52-week low of $4.45 with 1.3 million shares traded as of 10 a.m. ET. Average volume has been 7.2 million shares over the past 30 days.

RF Micro Devices has a market cap of $1.57 billion and is part of the technology sector and electronics industry. Shares are down 15.9% year to date as of the close of trading on Friday.

RF Micro Devices, Inc. designs, develops, manufactures, and markets radio frequency (RF) components and compound semiconductor technologies in the United States and internationally. The company has a P/E ratio of 18.2, below the average electronics industry P/E ratio of 19.4 and above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates RF Micro Devices as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and disappointing return on equity. You can view the full RF Micro Devices Ratings Report.

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