NEW YORK (

TheStreet

) --

Alaska Communications Systems Group

(Nasdaq:

ALSK

) hit a new 52-week low Thursday as it is currently trading at $7.45, below its previous 52-week low of $7.46 with 449,654 shares traded as of 1:46 p.m. ET. Average volume has been 771,800 shares over the past 30 days.

Alaska Communications Systems Group has a market cap of $344.6 million and is part of the

technology

sector and

telecommunications

industry. Shares are down 32.3% year to date as of the close of trading on Wednesday.

Alaska Communications Systems Group, Inc., through its subsidiaries, provides integrated communications services in the State of Alaska. It operates in two segments, Wireline and Wireless.

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TheStreet Ratings rates Alaska Communications Systems Group as a

hold

. The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we find that the stock has had a generally disappointing performance in the past year. You can view the full

Alaska Communications Systems Group Ratings Report

.

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