Powerwave Stock Hits New 52-Week High (PWAV)

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.

null

More from Markets

Inside Carnival's Mind Blowing New Horizon Cruise Ship (Video)

Inside Carnival's Mind Blowing New Horizon Cruise Ship (Video)

Jim Cramer: The 10-Year Yield Could Go to 2.75%

Jim Cramer: The 10-Year Yield Could Go to 2.75%

Oil Slumps, Gas Spikes Ahead of Holiday Weekend; Assessing the Chipmakers--ICYMI

Oil Slumps, Gas Spikes Ahead of Holiday Weekend; Assessing the Chipmakers--ICYMI

Week Ahead: Wall Street Looks to Jobs Report as North Korea Meeting Less Certain

Week Ahead: Wall Street Looks to Jobs Report as North Korea Meeting Less Certain

Dow and S&P 500 Decline, Energy Shares Fall as U.S. Crude Oil Slides 4%

Dow and S&P 500 Decline, Energy Shares Fall as U.S. Crude Oil Slides 4%