Anadigics Stock Hits New 52-Week Low (ANAD)

NEW YORK ( TheStreet) -- Anadigics Incorporated (Nasdaq: ANAD) hit a new 52-week low Wednesday as it is currently trading at $2.92, below its previous 52-week high of $8.20 with 157,044 shares traded as of 9:56 a.m. ET. Average volume has been 1.6 million shares over the past 30 days.

Anadigics has a market cap of $205 million and is part of the technology sector and electronics industry. Shares are down 57.6% 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 radio frequency (RF) power amplifiers (PAs), tuner integrated circuits, active splitters, line amplifiers, and other components.
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TheStreet Ratings rates Anadigics as a sell. The company's weaknesses can be seen in multiple areas, such as its unimpressive growth in net income, poor profit margins, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share. You can view the full Anadigics Ratings Report.

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