NEW YORK (
) hit a new 52-week low Wednesday as it is currently trading at $7.13, below its previous 52-week low of $7.21 with 246,214 shares traded as of 10:44 a.m. ET. Average volume has been 1.6 million shares over the past 30 days.
Tekelec has a market cap of $532.9 million and is part of the
industry. Shares are down 38.7% 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.
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TheStreet Ratings rates Tekelec as a
. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, good cash flow from operations and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and a generally disappointing performance in the stock itself. You can view the full
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