Research In Motion Stock Hits New 52-Week Low (RIMM)
NEW YORK (
) --
(Nasdaq:
) hit a new 52-week low Wednesday as it is currently trading at $10.86, below its previous 52-week low of $10.87 with 1.9 million shares traded as of 10:35 a.m. ET. Average volume has been 20.1 million shares over the past 30 days.
Research in Motion has a market cap of $6.03 billion and is part of the
sector and
industry. Shares are down 23.7% year to date as of the close of trading on Tuesday.
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Research In Motion Limited designs, manufactures, and markets wireless solutions for the mobile communications market worldwide. The company has a P/E ratio of 5.2, equal to the average telecommunications industry P/E ratio 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, reasonable valuation levels and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and disappointing return on equity. You can view the full
Research in Motion Ratings Report
.
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