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NEW YORK (

TheStreet

) --

Parametric Technology Corporation

(Nasdaq:

PMTC

) hit a new 52-week low Monday as it is currently trading at $14.69, below its previous 52-week low of $14.70 with 886,606 shares traded as of 2:26 p.m. ET. Average volume has been 1.3 million shares over the past 30 days.

Parametric Technology has a market cap of $1.9 billion and is part of the

technology

sector and

computer software & services

industry. Shares are down 31.7% year to date as of the close of trading on Friday.

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Parametric Technology Corporation develops, markets, and supports product lifecycle management (PLM) software solutions and services that help companies design products, manage product information, and improve product development processes worldwide. The company has a P/E ratio of 56.8, above the average computer software & services industry P/E ratio of 54.9 and above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Parametric Technology as a

hold

. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in net income and growth in earnings per share. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity, weak operating cash flow and a generally disappointing performance in the stock itself. You can view the full

Parametric Technology Ratings Report

.

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