Symantec Stock Hits New 52-Week Low (SYMC)
NEW YORK (
) --
(Nasdaq:
) hit a new 52-week low Friday as it is currently trading at $15.33, below its previous 52-week low of $15.36 with 3.2 million shares traded as of 1 p.m. ET. Average volume has been 8.5 million shares over the past 30 days.
Symantec has a market cap of $11.68 billion and is part of the
sector and
industry. Shares are down 7.2% year to date as of the close of trading on Wednesday.
Symantec Corporation provides security, storage, and systems management solutions internationally. The company's Consumer segment delivers Internet security, PC tune-up, and online backup solutions and services to individual users and home offices. The company has a P/E ratio of 17.7, below the average computer software & services industry P/E ratio of 18 and equal to the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Symantec as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in net income and attractive valuation levels. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow, a generally disappointing performance in the stock itself and disappointing return on equity. You can view the full
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