NEW YORK (

TheStreet

) --

Hanwha SolarOne

(Nasdaq:

HSOL

) hit a new 52-week low Monday as it is currently trading at $3.47, below its previous 52-week low of $3.50 with 578,174 shares traded as of four p.m. ET. Average volume has been 1.1 million shares over the past 30 days.

Hanwha SolarOne has a market cap of $392.2 million and is part of the

technology

sector and

electronics

industry. Shares are down 55.8% year to date as of the close of trading on Friday.

Hanwha SolarOne, Ltd. provides various energy solutions including silicon ingots, wafers, monocrystalline and polycrystalline solar cells, and solar modules. The company also provides project development and financing services. The company has a P/E ratio of 2.2, below the average electronics industry P/E ratio of 2.4 and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Hanwha SolarOne as a

hold

. The company's strengths can be seen in multiple areas, such as its robust revenue growth, good cash flow from operations and increase in net income. However, as a counter to these strengths, we also find weaknesses including poor profit margins, a generally disappointing performance in the stock itself and feeble growth in the company's earnings per share. You can view the full

Hanwha SolarOne Ratings Report

.

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