Dolby Stock Hits New 52-Week Low (DLB)

NEW YORK ( TheStreet) -- Dolby Laboratories (NYSE: DLB) hit a new 52-week low Monday as it is currently trading at $27.16, below its previous 52-week low of $27.36 with 86,622 shares traded as of 10:10 a.m. ET. Average volume has been 1.2 million shares over the past 30 days.

Dolby has a market cap of $1.5 billion and is part of the technology sector and electronics industry. Shares are down 58.9% year to date as of the close of trading on Friday.

Dolby Laboratories, Inc. develops and delivers products and technologies for the entertainment industry worldwide. It designs and manufactures video and audio products for film production, cinema, and television broadcast industries. The company has a P/E ratio of 11, equal to the average electronics industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
  • Practice your DLB trading strategies and win cash in our stock game.

TheStreet Ratings rates Dolby 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, expanding profit margins and good cash flow from operations. However, as a counter to these strengths, we find that the stock has had a generally disappointing performance in the past year. You can view the full Dolby Ratings Report.

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

null

More from Markets

Dow Tumbles as Trump Calls Off North Korea Summit

Dow Tumbles as Trump Calls Off North Korea Summit

Jim Cramer: Does Saudi Arabia Think Oil Prices Are Too High?

Jim Cramer: Does Saudi Arabia Think Oil Prices Are Too High?

Stocks Could Easily Crater Into Memorial Day Weekend

Stocks Could Easily Crater Into Memorial Day Weekend

Video: Here Is How Real Estate Investment Trusts Can Boost Your Portfolio

Video: Here Is How Real Estate Investment Trusts Can Boost Your Portfolio

Celgene Shares Rise on Plans to Increase Stock Buybacks

Celgene Shares Rise on Plans to Increase Stock Buybacks