NEW YORK ( TheStreet) -- Novatel Wireless (Nasdaq: NVTL) hit a new 52-week low Wednesday as it is currently trading at $4.77, below its previous 52-week low of $4.77 with 130,848 shares traded as of 10:48 a.m. ET. Average volume has been 513,600 shares over the past 30 days.

Novatel Wireless has a market cap of $161.8 million and is part of the technology sector and telecommunications industry. Shares are down 49.2% year to date as of the close of trading on Tuesday.

Novatel Wireless, Inc. provides wireless broadband access solutions for the mobile communications market worldwide. The company primarily offers third generation (3G) products.
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TheStreet Ratings rates Novatel Wireless as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, poor profit margins, weak operating cash flow and generally disappointing historical performance in the stock itself. You can view the full Novatel Wireless Ratings Report.

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