NEW YORK (

TheStreet

) --

InterDigital

(Nasdaq:

IDCC

) hit a new 52-week low Wednesday as it is currently trading at $24.75, below its previous 52-week low of $24.77 with 152,102 shares traded as of 10:55 a.m. ET. Average volume has been 756,700 shares over the past 30 days.

InterDigital has a market cap of $1.12 billion and is part of the

technology

sector and

telecommunications

industry. Shares are down 42% year to date as of the close of trading on Tuesday.

InterDigital, Inc. engages in the design and development of technologies that enable and enhance wireless communications. The company offers technology solutions for use in digital cellular and wireless products and networks, including 2G, 3G, 4G, and IEEE 802-related products and networks. The company has a P/E ratio of 15.1, equal to the average telecommunications industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates InterDigital as a

hold

. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, 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

InterDigital Ratings Report

.

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