NEW YORK (

TheStreet

) --

Power-One

(Nasdaq:

PWER

) hit a new 52-week low Wednesday as it is currently trading at $3.83, below its previous 52-week low of $3.90 with 265,130 shares traded as of 10:15 a.m. ET. Average volume has been 3.3 million shares over the past 30 days.

Power-One has a market cap of $429.4 million and is part of the

technology

sector and

electronics

industry. Shares are down 59.6% year to date as of the close of trading on Tuesday.

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Power-One, Inc. designs, manufactures, and markets power conversion and power management solutions for the renewable energy (RE), communications infrastructure, and other technology markets. The company has a P/E ratio of four, equal to the average electronics industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Power-One as a

hold

. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, notable return on equity and attractive valuation levels. However, as a counter to these strengths, we also find weaknesses including poor profit margins, weak operating cash flow and a generally disappointing performance in the stock itself. You can view the full

Power-One Ratings Report

.

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