Iridium Stock Hits New 52-Week Low (IRDM) - TheStreet

NEW YORK (

TheStreet

) --

Iridium Communications

(Nasdaq:

IRDM

) hit a new 52-week low Thursday as it is currently trading at $6.58, below its previous 52-week low of $6.68 with 379,501 shares traded as of 2:06 p.m. ET. Average volume has been 471,900 shares over the past 30 days.

Iridium has a market cap of $507.3 million and is part of the

technology

sector and

telecommunications

industry. Shares are down 16% year to date as of the close of trading on Wednesday.

Iridium Communications Inc. provides mobile voice and data communications services through satellites to businesses, the U.S. and foreign governments, non-governmental organizations, and consumers worldwide. The company has a P/E ratio of 12.6, 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 Iridium as a

hold

. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and impressive record of earnings per share growth. 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

Iridium Ratings Report

.

See all

52-week low stocks

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