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NEW YORK (

TheStreet

) --

Oclaro

(Nasdaq:

OCLR

) hit a new 52-week low Friday as it is currently trading at $3.32, below its previous 52-week low of $3.33 with 695,356 shares traded as of 1:01 p.m. ET. Average volume has been 1.5 million shares over the past 30 days.

Oclaro has a market cap of $194.3 million and is part of the

technology

sector and

electronics

industry. Shares are down 74% year to date as of the close of trading on Thursday.

TheStreet Recommends

Oclaro, Inc. designs, manufactures, and markets optical components, modules, and subsystems that generate, detect, amplify, combine, and separate light signals in telecommunications networks.

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TheStreet Ratings rates Oclaro as a

sell

. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, poor profit margins, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share. You can view the full

Oclaro Ratings Report

.

See all

52-week low stocks

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