NEW YORK ( TheStreet) -- Powerwave Technologies (Nasdaq: PWAV) hit a new 52-week low Thursday as it is currently trading at $1.35, below its previous 52-week low of $1.36 with 776,488 shares traded as of 10:56 a.m. ET. Average volume has been 2.6 million shares over the past 30 days. Powerwave has a market cap of $237.5 million and is part of the technology sector and telecommunications industry. Shares are down 42.5% year to date as of the close of trading on Wednesday. Powerwave Technologies, Inc. engages in the design, manufacture, marketing, and sale of wireless solutions for wireless communications networks worldwide. The company has a P/E ratio of 13.6, below the average telecommunications industry P/E ratio of 15 and below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Powerwave as a sell. The company's weaknesses can be seen in multiple areas, such as its poor profit margins, weak operating cash flow, generally disappointing historical performance in the stock itself and generally weak debt management. You can view the full Powerwave Ratings Report. See all 52-week low stocks or get investment ideas from our investment research center.
Shares of Powerwave Technologies (Nasdaq:PWAV) were gapping down Friday morning with an open price 30.2% lower than Thursday's closing price. The stock closed at $2.15 yesterday and opened today's trading at $1.50.
Shares of Powerwave Technologies (Nasdaq:PWAV) were gapping down Wednesday morning with an open price 18.5% lower than Tuesday's closing price. The stock closed at $1.57 yesterday and opened today's trading at $1.28.