Harmonic Stock Hits New 52-Week Low (HLIT)

NEW YORK ( TheStreet) -- Harmonic (Nasdaq: HLIT) hit a new 52-week low Monday as it is currently trading at $4.72, below its previous 52-week low of $4.73 with 213,101 shares traded as of 10:38 a.m. ET. Average volume has been 1.2 million shares over the past 30 days.

Harmonic has a market cap of $571.6 million and is part of the technology sector and telecommunications industry. Shares are down 44.7% year to date as of the close of trading on Friday.

Harmonic Inc. designs, manufactures, and sells video products and system solutions that enable service providers to deliver broadcast and on-demand services.
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TheStreet Ratings rates Harmonic as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity and generally disappointing historical performance in the stock itself. You can view the full Harmonic Ratings Report.

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