NEW YORK ( TheStreet) -- LTX-Credence Corporation (Nasdaq: LTXC) hit a new 52-week low Monday as it is currently trading at $5.18, below its previous 52-week low of $5.20 with 45,333 shares traded as of 10 a.m. ET. Average volume has been 637,000 shares over the past 30 days. LTX-Credence has a market cap of $268.9 million and is part of the technology sector and electronics industry. Shares are down 28.5% year to date as of the close of trading on Friday. LTX-Credence Corporation engages in the design, manufacture, marketing, and servicing of automated test equipment solutions for the wireless, computing, automotive, and digital consumer markets. The company has a P/E ratio of 4.8, above the average electronics industry P/E ratio of 4.3 and below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates LTX-Credence as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, attractive valuation levels and notable return on equity. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, a generally disappointing performance in the stock itself and feeble growth in the company's earnings per share. You can view the full LTX-Credence Ratings Report. See all 52-week low stocks or get investment ideas from our investment research center.