NEW YORK (
) hit a new 52-week high Friday as it is currently trading at $14.38, above its previous 52-week high of $14.02 with 2.3 million shares traded as of 9:50 a.m. ET. Average volume has been seven million shares over the past 30 days.
Marvell Technology Group has a market cap of $6.55 billion and is part of the technology sector and electronics industry. Shares are up 83.2% year to date as of the close of trading on Thursday.
Marvell Technology Group Ltd. designs, develops, and markets analog, mixed-signal, digital signal processing, and embedded and standalone ARM-based microprocessor integrated circuits. The company has a P/E ratio of 29.6, above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates
Marvell Technology Group
. The company's strengths can be seen in multiple areas, such as its solid stock price performance, 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 deteriorating net income, disappointing return on equity and weak operating cash flow. You can view the full
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