NEW YORK ( TheStreet) -- China Medical Technologies (Nasdaq: CMED) hit a new 52-week low Tuesday as it is currently trading at $5.20, below its previous 52-week low of $5.28 with 161,650 shares traded as of 2:29 p.m. ET. Average volume has been 420,800 shares over the past 30 days.

China Medical has a market cap of $175.2 million and is part of the health care sector and health services industry. Shares are down 51.7% year to date as of the close of trading on Friday.

China Medical Technologies, Inc., a medical device company, develops, manufactures, and markets immunodiagnostic and molecular diagnostic products. The company has a P/E ratio of 11.3, below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates China Medical as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, growth in earnings per share and attractive valuation levels. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and generally poor debt management. You can view the full China Medical Ratings Report.

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