NEW YORK ( TheStreet) -- Telestone Technologies Corporation (Nasdaq: TSTC) hit a new 52-week low Monday as it traded at $7 compared with its previous 52-Week low of $7.05. Telestone is changing hands at $7.03 with 265,860 shares traded as of 2:41 p.m. ET. Average volume has been 485,700 shares over the past 30 days.

Telestone has a market cap of $80.7 million and is part of the technology sector and telecommunications industry. Shares are down 30.8% year to date as of the close of trading on Friday.

Telestone Technologies Corporation provides access network solutions primarily in the People's Republic of China. Its access network solutions include the research and development, and application of access network technology. The company has a P/E ratio of 4.5, equal to the average telecommunications industry P/E ratio and below the S&P 500 P/E ratio of 17.2.

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

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