NEW YORK (

TheStreet

) --

Hanwha SolarOne

(Nasdaq:

HSOL

) hit a new 52-week low Tuesday as it is currently trading at $2.85, below its previous 52-week low of $2.85 with 370,271 shares traded as of 12:15 p.m. ET. Average volume has been 968,600 shares over the past 30 days.

Hanwha SolarOne has a market cap of $317.7 million and is part of the

technology

sector and

electronics

industry. Shares are down 63.2% year to date as of the close of trading on Monday.

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 1.8, below the average electronics industry P/E ratio of 3.3 and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Hanwha SolarOne as a

sell

. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, poor profit margins, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share. You can view the full

Hanwha SolarOne Ratings Report

.

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