NEW YORK (

TheStreet

) --

Powerwave Technologies

(Nasdaq:

PWAV

) hit a new 52-week high Tuesday as it traded at $4.17 compared with its previous 52-Week high of $4.15. Powerwave is changing hands at $4.15 with 2.2 million shares traded as of 11:12 a.m. ET. Average volume has been 2.6 million shares over the past 30 days.

Powerwave has a market cap of $645.1 million and is part of the

technology

sector and

telecommunications

industry. Shares are up 54.3% year to date as of the close of trading on Monday.

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 127.3, equal to the average telecommunications industry P/E ratio and above the S&P 500 P/E ratio of 15.8.

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TheStreet Ratings rates Powerwave as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow, poor profit margins and generally poor debt management. You can view the full

Powerwave Ratings Report

.

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