NEW YORK (

TheStreet

) --

Synaptics

(Nasdaq:

SYNA

) hit a new 52-week low Thursday as it is currently trading at $22.33, below its previous 52-week low of $22.34 with 38,230 shares traded as of 9:51 a.m. ET. Average volume has been 443,000 shares over the past 30 days.

Synaptics has a market cap of $753.7 million and is part of the

technology

sector and

computer hardware

industry. Shares are down 22% year to date as of the close of trading on Wednesday.

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Synaptics Incorporated develops and supplies custom-designed human interface solutions that enable people to interact with various mobile computing, communications, entertainment, and other electronic devices. The company has a P/E ratio of 13, equal to the average computer hardware industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Synaptics as a

hold

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

Synaptics Ratings Report

.

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