NEW YORK ( TheStreet) -- Alcatel-Lucent (NYSE: ALU) hit a new 52-week low Monday as it is currently trading at $2.60, below its previous 52-week low of $2.67 with 2.3 million shares traded as of 9:35 a.m. ET. Average volume has been 28.8 million shares over the past 30 days.

Alcatel-Lucent has a market cap of $7.2 billion and is part of the technology sector and telecommunications industry. Shares are down 4.4% year to date as of the close of trading on Friday.

Alcatel-Lucent provides products, solutions, and transformation services that enable service providers, enterprises, governments, and strategic industries to deliver voice, data, and video communication services to end-users worldwide.
  • Practice your ALU trading strategies and win cash in our stock game.

TheStreet Ratings rates Alcatel-Lucent as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, generally poor debt management and weak operating cash flow. You can view the full Alcatel-Lucent Ratings Report.

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