NEW YORK ( TheStreet) -- Cbeyond Communications (Nasdaq: CBEY) hit a new 52-week low Friday as it is currently trading at $11.26, below its previous 52-week low of $11.31 with 34,485 shares traded as of 10:30 a.m. ET. Average volume has been 251,100 shares over the past 30 days. Cbeyond has a market cap of $372.6 million and is part of the technology sector and telecommunications industry. Shares are down 23% year to date as of the close of trading on Thursday. Cbeyond, Inc. provides managed communications and information technology (IT) services to small businesses in the United States.
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TheStreet Ratings rates Cbeyond as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and weak operating cash flow. You can view the full Cbeyond Ratings Report. See all 52-week low stocks or get investment ideas from our investment research center.