NEW YORK ( TheStreet) -- STEC (Nasdaq: STEC) hit a new 52-week low Tuesday as it is currently trading at $9.66, below its previous 52-week low of $9.73 with 867,673 shares traded as of 11:22 a.m. ET. Average volume has been 2.3 million shares over the past 30 days. STEC has a market cap of $523 million and is part of the technology sector and computer hardware industry. Shares are down 43.3% year to date as of the close of trading on Monday. STEC, Inc. designs, manufactures, and markets enterprise-class flash solid-state drives (SSDs) for use in high-performance storage and server systems. The company has a P/E ratio of 9.6, below the average computer hardware industry P/E ratio of 11.1 and below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates STEC 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 increase in net income. However, as a counter to these strengths, we find that the company's return on equity has been disappointing. You can view the full STEC Ratings Report. See all 52-week low stocks or get investment ideas from our investment research center.