NEW YORK ( TheStreet) -- Anadigics Incorporated (Nasdaq: ANAD) hit a new 52-week low Wednesday as it is currently trading at $3.09, below its previous 52-week high of $8.20 with 492,333 shares traded as of 10:06 a.m. ET. Average volume has been 1.7 million shares over the past 30 days.

Anadigics has a market cap of $248.8 million and is part of the technology sector and electronics industry. Shares are down 53.8% year to date as of the close of trading on Tuesday.

ANADIGICS, Inc. provides semiconductor solutions to the broadband wireless and wireline communications markets. Its products include power amplifiers, tuner integrated circuits, active splitters, line amplifiers, and other components. The company has a P/E ratio of 184.5, equal to the average electronics industry P/E ratio and above the S&P 500 P/E ratio of 17.
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TheStreet Ratings rates Anadigics as a 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 impressive record of earnings per share growth. However, as a counter to these strengths, we find that the stock has had a generally disappointing performance in the past year. You can view the full Anadigics Ratings Report.

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