NEW YORK (

TheStreet

) --

Local.com Corporation

(Nasdaq:

LOCM

) hit a new 52-week low Thursday as it is currently trading at $3.20, below its previous 52-week high of $8.60 with 65,172 shares traded as of 9:56 a.m. ET. Average volume has been 793,900 shares over the past 30 days.

Local.com has a market cap of $70.7 million and is part of the

technology

sector and

internet

industry.

TheStreet Recommends

Local.com Corporation provides local search services on the Internet. It operates Local.com, a local business directory site that provides information on approximately 14 million local businesses.

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TheStreet Ratings rates Local.com 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, reasonable valuation levels and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, weak operating cash flow and a generally disappointing performance in the stock itself. You can view the full

Local.com Ratings Report

.

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