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TheStreet Wire

Advanced Micro Devices Stock Hits New 52-Week Low (AMD)

By TheStreet Wire 08/02/12 - 01:55 PM EDT

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

NEW YORK (TheStreet) -- Advanced Micro Devices (NYSE:AMD) hit a new 52-week low Thursday as it is currently trading at $3.97, below its previous 52-week low of $3.98 with 8.7 million shares traded as of 1:30 p.m. ET. Average volume has been 17.1 million shares over the past 30 days.

Advanced Micro Devices has a market cap of $2.85 billion and is part of the technology sector and electronics industry. Shares are down 24.8% year to date as of the close of trading on Wednesday.

Advanced Micro Devices, Inc. operates as a semiconductor company worldwide. The company designs, develops, and sells microprocessor products, such as central processing unit (CPU) and accelerated processing unit (APU) for servers, desktop personal computers (PCs), and mobile devices.

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TheStreet Ratings rates Advanced Micro Devices as a hold. Among the primary strengths of the company is its expanding profit margins over time. At the same time, however, we also find weaknesses including deteriorating net income, generally poor debt management and disappointing return on equity. You can view the full Advanced Micro Devices Ratings Report.

See all 52-week low stocks or get investment ideas from our investment research center.

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