NEW YORK (

TheStreet

) --

MetroPCS Communications

(NYSE:

PCS

) hit a new 52-week low Thursday as it is currently trading at $6.19, below its previous 52-week low of $6.25 with 413,395 shares traded as of 10 a.m. ET. Average volume has been 5.8 million shares over the past 30 days.

MetroPCS has a market cap of $2.38 billion and is part of the

technology

sector and

telecommunications

industry. Shares are down 27.1% 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 nine, 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 MetroPCS as a

hold

. The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels and notable return on equity. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, poor profit margins and weak operating cash flow. You can view the full

MetroPCS Ratings Report

.

See all

52-week low stocks

or get investment ideas from our

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.

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