NEW YORK (

TheStreet

) --

STEC

(Nasdaq:

STEC

) hit a new 52-week low Friday as it is currently trading at $8.65, below its previous 52-week low of $8.67 with 820,357 shares traded as of 1:47 p.m. ET. Average volume has been 2.2 million shares over the past 30 days.

STEC has a market cap of $489.6 million and is part of the

technology

sector and

computer hardware

industry. Shares are down 49.7% year to date as of the close of trading on Thursday.

STEC, Inc. designs, manufactures, and markets enterprise-class flash solid-state drives (SSDs) for use in high-performance storage and server systems. The company has a P/E ratio of nine, below the average computer hardware industry P/E ratio of 9.1 and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates STEC as a

hold

. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, robust revenue growth and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and disappointing return on equity. You can view the full

STEC Ratings Report

.

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