NEW YORK (
) is trading at unusually high volume Wednesday with 9.6 million shares changing hands. It is currently at four times its average daily volume and trading down 23 cents (-9.9%) at $2.10 as of four p.m. ET.
Powerwave has a market cap of $468.6 million and is part of the
industry. Shares are down 8.3% year to date as of the close of trading on Tuesday.
Powerwave Technologies, Inc. engages in the design, manufacture, marketing, and sale of wireless solutions for wireless communications networks worldwide. The company has a P/E ratio of 39.6, below the average telecommunications industry P/E ratio of 46.2 and above the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Powerwave as a
. The company's weaknesses can be seen in multiple areas, such as its poor profit margins, weak operating cash flow and generally weak debt management. You can view the full
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