NEW YORK ( TheStreet) -- Akamai Technologies (Nasdaq: AKAM) hit a new 52-week low Monday as it is currently trading at $19.44, below its previous 52-week low of $19.50 with one million shares traded as of 11:05 a.m. ET. Average volume has been 4.7 million shares over the past 30 days.

Akamai has a market cap of $3.9 billion and is part of the technology sector and internet industry. Shares are down 57.7% year to date as of the close of trading on Friday.

Akamai Technologies, Inc. provides services for accelerating and improving the delivery of content and applications over the Internet in the United States and internationally. The company has a P/E ratio of 21, below the average internet industry P/E ratio of 21.2 and above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Akamai 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, impressive record of earnings per share growth and reasonable valuation levels. 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 Akamai Ratings Report.

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