Atmel Stock Hits New 52-Week Low (ATML)
NEW YORK (
) --
(Nasdaq:
) hit a new 52-week low Thursday as it is currently trading at $6.91, below its previous 52-week low of $6.96 with 1.4 million shares traded as of 11:20 a.m. ET. Average volume has been 7.7 million shares over the past 30 days.
Atmel has a market cap of $3.3 billion and is part of the
sector and
industry. Shares are down 11.7% year to date as of the close of trading on Wednesday.
Atmel Corporation designs, develops, manufactures, and sells semiconductor integrated circuit (IC) products. The company has a P/E ratio of 12.8, below the average electronics industry P/E ratio of 13.1 and below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Atmel as a
. The company's strengths can be seen in multiple areas, such as its expanding profit margins and notable return on equity. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and weak operating cash flow. You can view the full
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