Research In Motion Stock Hits New 52-Week Low (RIMM)
NEW YORK (
) --
(Nasdaq:
) hit a new 52-week low Tuesday as it is currently trading at $12.55, below its previous 52-week low of $12.80 with 22.2 million shares traded as of 12:40 p.m. ET. Average volume has been 22.3 million shares over the past 30 days.
Research in Motion has a market cap of $7 billion and is part of the
sector and
industry. Shares are down 77.8% year to date as of the close of trading on Monday.
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Research In Motion Limited (RIM) designs, manufactures, and markets wireless solutions for the worldwide mobile communications market. The company has a P/E ratio of 3.2, above the average telecommunications industry P/E ratio of 2.5 and below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Research in Motion as a
. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, attractive valuation levels and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, weak operating cash flow and a generally disappointing performance in the stock itself. You can view the full
Research in Motion Ratings Report
.
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