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NEW YORK (

TheStreet

) --

Loral Space & Communications

(Nasdaq:

LORL

) hit a new 52-week low Tuesday as it is currently trading at $46.33, below its previous 52-week low of $47.33 with 289,750 shares traded as of 2:46 p.m. ET. Average volume has been 80,300 shares over the past 30 days.

Loral Space has a market cap of $1.1 billion and is part of the

technology

sector and

telecommunications

industry. Shares are down 34.8% year to date as of the close of trading on Monday.

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Loral Space & Communications Inc., together with its subsidiaries, operates as a satellite communications company. The company has a P/E ratio of 3.2, 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 Loral Space as a

hold

. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance and impressive record of earnings per share growth. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow and poor profit margins. You can view the full

Loral Space Ratings Report

.

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