NEW YORK ( TheStreet) -- Limelight Networks (Nasdaq: LLNW) hit a new 52-week low Monday as it is currently trading at $3.54, below its previous 52-week low of $3.57 with 327,606 shares traded as of 10:34 a.m. ET. Average volume has been 1.7 million shares over the past 30 days.

Limelight has a market cap of $440.8 million and is part of the services sector and diversified services industry. Shares are down 33.7% year to date as of the close of trading on Friday.

Limelight Networks, Inc. provides content delivery network services in North America, Europe, the Middle East, Africa, and the Asia Pacific.
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TheStreet Ratings rates Limelight as a hold. The company's strengths can be seen in multiple areas, such as its robust 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 unimpressive growth in net income, weak operating cash flow and a generally disappointing performance in the stock itself. You can view the full Limelight Ratings Report.

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