NEW YORK ( TheStreet) -- Avid Technology (Nasdaq: AVID) hit a new 52-week low Tuesday as it is currently trading at $8.99, below its previous 52-week low of $9.11 with 123,245 shares traded as of 2:30 p.m. ET. Average volume has been 243,200 shares over the past 30 days.

Avid Technology has a market cap of $358.4 million and is part of the technology sector and computer software & services industry. Shares are down 46.7% year to date as of the close of trading on Friday.

Avid Technology, Inc. provides digital media content-creation products and solutions for film, video, audio, and broadcast professionals, as well as artists and home enthusiasts.
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TheStreet Ratings rates Avid Technology as a sell. The company's weaknesses can be seen in multiple areas, such as its weak operating cash flow and generally disappointing historical performance in the stock itself. You can view the full Avid Technology Ratings Report.

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