Harmonic Stock Hits New 52-Week Low (HLIT)

NEW YORK ( TheStreet) -- Harmonic (Nasdaq: HLIT) hit a new 52-week low Friday as it is currently trading at $4.59, below its previous 52-week low of $4.59 with 744,939 shares traded as of 3:05 p.m. ET. Average volume has been 1.2 million shares over the past 30 days.

Harmonic has a market cap of $551.9 million and is part of the technology sector and telecommunications industry. Shares are down 44.9% year to date as of the close of trading on Thursday.

Harmonic Inc. designs, manufactures, and sells video products and system solutions that enable service providers to deliver broadcast and on-demand services.
  • Practice your HLIT trading strategies and win cash in our stock game.

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.

See all 52-week low stocks or get investment ideas from our investment research center.

null

More from Markets

Dow Rises for First Time in 9 Days, Oil Jumps as OPEC Agrees to Boost Output

Dow Rises for First Time in 9 Days, Oil Jumps as OPEC Agrees to Boost Output

OPEC Reaches Output Deal, But Won't Put Figure on Extra Barrels in Market

OPEC Reaches Output Deal, But Won't Put Figure on Extra Barrels in Market

Video: Stock Investors Shouldn't Fret About Oil Prices in the $60s

Video: Stock Investors Shouldn't Fret About Oil Prices in the $60s

Who Is Right: AT&T's CEO or People Obsessed With Netflix Stock?

Who Is Right: AT&T's CEO or People Obsessed With Netflix Stock?

Comcast's Brian Roberts vs. Disney's Bob Iger: Which Titan Will Nab Fox?

Comcast's Brian Roberts vs. Disney's Bob Iger: Which Titan Will Nab Fox?