NEW YORK (
) hit a new 52-week low Wednesday as it traded at $7.33 compared with its previous 52-Week low of $7.38. Tekelec is changing hands at $7.38 with 2.1 million shares traded as of 3:37 p.m. ET. Average volume has been 1.4 million shares over the past 30 days.
Tekelec has a market cap of $530.9 million and is part of the
industry. Shares are down 36% year to date as of the close of trading on Tuesday.
Tekelec engages in the design, development, manufacture, marketing, sale, and support of telecommunications products and services. The company has a P/E ratio of 35.1, equal to the average telecommunications industry P/E ratio and above the S&P 500 P/E ratio of 16.
TheStreet Ratings rates Tekelec as 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 and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and disappointing return on equity. You can view the full
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