NEW YORK (

TheStreet

) --

Logitech International

(Nasdaq:

LOGI

) hit a new 52-week low Wednesday as it is currently trading at $7.37, below its previous 52-week low of $7.41 with 16,721 shares traded as of 9:41 a.m. ET. Average volume has been 1.3 million shares over the past 30 days.

Logitech International has a market cap of $1.33 billion and is part of the

technology

sector and

computer hardware

industry. Shares are down 59.5% year to date as of the close of trading on Tuesday.

Logitech International S.A. designs, manufactures, and markets hardware and software products that enable digital navigation, music and video entertainment, gaming, social networking, audio, and video communication over the Internet, video security, and home-entertainment control. The company has a P/E ratio of 24.7, equal to the average computer hardware industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Logitech International 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 expanding profit margins. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and disappointing return on equity. You can view the full

Logitech International Ratings Report

.

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