NEW YORK ( TheStreet) -- Conceptus (Nasdaq: CPTS) hit a new 52-week low Friday as it is currently trading at $9.99, below its previous 52-week low of $10 with 82,253 shares traded as of 3:05 p.m. ET. Average volume has been 364,600 shares over the past 30 days. Conceptus has a market cap of $331.1 million and is part of the health care sector and health services industry. Shares are down 23.2% year to date as of the close of trading on Thursday. Conceptus, Inc. designs, develops, and markets minimally invasive devices for reproductive medical applications primarily in the United States, France, and Europe. It provides Essure, a permanent birth control system that delivers a soft and flexible insert into a woman's fallopian tubes. The company has a P/E ratio of 4.1, equal to the average health services industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Conceptus as a hold. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, notable return on equity and reasonable valuation levels. However, as a counter to these strengths, we find that the stock has had a generally disappointing performance in the past year. You can view the full Conceptus Ratings Report. See all 52-week low stocks or get investment ideas from our investment research center.