NEW YORK ( TheStreet) -- Powerwave Technologies (Nasdaq: PWAV) hit a new 52-week high Wednesday as it traded at $4.10 compared with its previous 52-Week high of $3.99. Powerwave is changing hands at $4.05 with 641,989 shares traded as of 9:42 a.m. ET. Average volume has been 2.4 million shares over the past 30 days. Powerwave has a market cap of $499.2 million and is part of the technology sector and telecommunications industry. Shares are up 50% year to date as of the close of trading on Tuesday. Powerwave Technologies, Inc. engages in the design, manufacture, marketing, and sale of wireless solutions for wireless communications networks worldwide. The company has a P/E ratio of 125, equal to the average telecommunications industry P/E ratio and above the S&P 500 P/E ratio of 23.4. TheStreet Ratings rates Powerwave as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we also find weaknesses including generally poor debt management and poor profit margins. You can view the full Powerwave Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center.
Shares of Powerwave Technologies (Nasdaq:PWAV) were gapping down Friday morning with an open price 30.2% lower than Thursday's closing price. The stock closed at $2.15 yesterday and opened today's trading at $1.50.
Shares of Powerwave Technologies (Nasdaq:PWAV) were gapping down Wednesday morning with an open price 18.5% lower than Tuesday's closing price. The stock closed at $1.57 yesterday and opened today's trading at $1.28.