NEW YORK (
) hit a new 52-week low Friday as it is currently trading at $5.17, below its previous 52-week low of $5.18 with 25.2 million shares traded as of 11:20 a.m. ET. Average volume has been 39.6 million shares over the past 30 days.
Micron Technology has a market cap of $6.1 billion and is part of the
industry. Shares are down 23.8% year to date as of the close of trading on Thursday.
Micron Technology, Inc., together with its subsidiaries, engages in the manufacture and marketing of semiconductor devices worldwide. The company has a P/E ratio of 10.2, below the average electronics industry P/E ratio of 10.4 and below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Micron Technology as a
. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels 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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