Research In Motion Stock Hits New 52-Week Low (RIMM) - TheStreet

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model

NEW YORK (

TheStreet

) --

Research in Motion

(Nasdaq:

RIMM

) hit a new 52-week low Monday as it is currently trading at $6.31, below its previous 52-week low of $6.33 with 1.7 million shares traded as of 9:40 a.m. ET. Average volume has been 20.4 million shares over the past 30 days.

Research in Motion has a market cap of $3.56 billion and is part of the

technology

sector and

telecommunications

industry. Shares are down 52.4% year to date as of the close of trading on Friday.

Research In Motion Limited designs, manufactures, and markets wireless solutions for the mobile communications market worldwide.

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TheStreet Ratings rates Research in Motion as a

sell

. The company's weaknesses can be seen in multiple areas, such as its feeble growth in its earnings per share, deteriorating net income, disappointing return on equity, weak operating cash flow and generally disappointing historical performance in the stock itself. You can view the full

Research in Motion Ratings Report

.

See all

52-week low stocks

or get investment ideas from our

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.

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