NEW YORK (

TheStreet

) --

MetroPCS Communications Inc

(NYSE:

PCS

) hit a new 52-week low Friday as it is currently trading at $7.52, below its previous 52-week low of $7.57 with 761,828 shares traded as of 12:26 p.m. ET. Average volume has been 5.7 million shares over the past 30 days.

MetroPCS has a market cap of $2.87 billion and is part of the

technology

sector and

telecommunications

industry. Shares are down 40.1% year to date as of the close of trading on Wednesday.

MetroPCS Communications, Inc., a wireless telecommunications carrier, together with its subsidiaries, provides wireless broadband mobile services in the United States. The company has a P/E ratio of 12.4, below the average telecommunications industry P/E ratio of 13 and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates MetroPCS as a

hold

. The company's strengths can be seen in multiple areas, such as its robust 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 unimpressive growth in net income, weak operating cash flow and a generally disappointing performance in the stock itself. You can view the full

MetroPCS Ratings Report

.

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