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Nippon Telegraph & Telephone Stock Hits New 52-Week Low (NTT)

By TheStreet Wire 05/03/12 - 01:35 PM EDT

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

NEW YORK (TheStreet) -- Nippon Telegraph & Telephone (NYSE:NTT) hit a new 52-week low Thursday as it is currently trading at $22.04, below its previous 52-week low of $22.05 with 237,495 shares traded as of 2:09 p.m. ET. Average volume has been 545,900 shares over the past 30 days.

Nippon Telegraph & Telephone has a market cap of $56.83 billion and is part of the technology sector and telecommunications industry. Shares are down 12.2% year to date as of the close of trading on Wednesday.

Nippon Telegraph and Telephone Corporation, together with its subsidiaries, provides telecommunications services to residential and corporate customers in Japan. The company has a P/E ratio of 11, below the average telecommunications industry P/E ratio of 11.2 and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Nippon Telegraph & Telephone as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and attractive valuation levels. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and weak operating cash flow. You can view the full Nippon Telegraph & Telephone Ratings Report.

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