NEW YORK (
) hit a new 52-week low Friday as it is currently trading at $62.50, below its previous 52-week low of $62.95 with 154,808 shares traded as of 10:05 a.m. ET. Average volume has been 1.1 million shares over the past 30 days.
L-3 has a market cap of $6.9 billion and is part of the
industry. Shares are down 9.6% year to date as of the close of trading on Thursday.
L-3 Communications Holdings, Inc. provides command, control, communications, intelligence, surveillance, and reconnaissance (C3ISR) systems; aircraft modernization and maintenance; and government services in the United States and internationally. The company has a P/E ratio of 7.7, equal to the average aerospace/defense industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates L-3 as a
. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, largely solid financial position with reasonable debt levels by most measures and attractive valuation levels. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow, a generally disappointing performance in the stock itself and poor profit margins. You can view the full
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