MEMC Electronic Stock Hits New 52-Week Low (WFR)

NEW YORK ( TheStreet) -- MEMC Electronic Materials Inc (NYSE: WFR) hit a new 52-week low Monday as it is currently trading at $4.95, below its previous 52-week low of $4.96 with 5.1 million shares traded as of 1:26 p.m. ET. Average volume has been 7.9 million shares over the past 30 days.

MEMC Electronic has a market cap of $1.2 billion and is part of the technology sector and electronics industry. Shares are down 53.5% year to date as of the close of trading on Friday.

MEMC Electronic Materials, Inc. engages in the development, manufacture, and sale of silicon wafers for the semiconductor industry worldwide. The company has a P/E ratio of 16.8, equal to the average electronics industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates MEMC Electronic 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 and poor profit margins. You can view the full MEMC Electronic Ratings Report.

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