NEW YORK ( TheStreet) -- Leap Wireless International (Nasdaq: LEAP) hit a new 52-week low Thursday as it is currently trading at $8.36, below its previous 52-week low of $9.51 with 494,537 shares traded as of 9:36 a.m. ET. Average volume has been 1.8 million shares over the past 30 days.

Leap Wireless International has a market cap of $807.2 million and is part of the technology sector and telecommunications industry. Shares are down 18.1% year to date as of the close of trading on Wednesday.

Leap Wireless International, Inc., together with its subsidiaries, provides digital wireless services under the 'Cricket' brand name in the United States. The company offers unlimited local and the U.S.
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TheStreet Ratings rates Leap Wireless International as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, generally weak debt management, disappointing return on equity, weak operating cash flow and feeble growth in its earnings per share. You can view the full Leap Wireless International Ratings Report.

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