NEW YORK (

TheStreet

) --

NII Holdings

(Nasdaq:

NIHD

) hit a new 52-week low Wednesday as it is currently trading at $18.71, below its previous 52-week low of $18.74 with 970,751 shares traded as of 11:05 a.m. ET. Average volume has been 2.7 million shares over the past 30 days.

NII has a market cap of $3.24 billion and is part of the

technology

sector and

telecommunications

industry. Shares are down 11% year to date as of the close of trading on Tuesday.

NII Holdings, Inc., through its subsidiaries, provides wireless communication services under the Nextel brand name to businesses and individuals in Mexico, Brazil, Argentina, Peru, and Chile. The company has a P/E ratio of 16.8, above the average telecommunications industry P/E ratio of 10.7 and below the S&P 500 P/E ratio of 17.7.

  • Sign up for TheStreet's FREE Dividend and Income Investor Newsletter

TheStreet Ratings rates NII as a

hold

. The company's strengths can be seen in multiple areas, such as its revenue growth and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and generally poor debt management. You can view the full

NII Ratings Report

.

See all

52-week low stocks

or get investment ideas from our

investment research center

.

null