STMicroelectronics NV ADR Stock Hits New 52-Week Low (STM)
NEW YORK ( TheStreet) -- STMicroelectronics NV ADR (NYSE: STM) hit a new 52-week low Thursday as it is currently trading at $4.80, below its previous 52-week low of $4.91 with 37,016 shares traded as of 9:30 a.m. ET. Average volume has been 2.5 million shares over the past 30 days. STMicroelectronics NV ADR has a market cap of $4.38 billion and is part of the technology sector and electronics industry. Shares are down 17.2% year to date as of the close of trading on Wednesday. STMicroelectronics N.V., an independent semiconductor company, engages in the design, development, manufacture, and marketing of a range of semiconductor integrated circuits and discrete devices. The company has a P/E ratio of 6.9, below the average electronics industry P/E ratio of 15 and below the S&P 500 P/E ratio of 17.7.
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