NEW YORK ( TheStreet) -- Oclaro (Nasdaq: OCLR) hit a new 52-week low Tuesday as it is currently trading at $3.12, below its previous 52-week low of $3.23 with 75,010 shares traded as of 9:36 a.m. ET. Average volume has been 1.4 million shares over the past 30 days.

Oclaro has a market cap of $183.4 million and is part of the technology sector and electronics industry. Shares are down 72.3% year to date as of the close of trading on Monday.

Oclaro, Inc. offers optical network components, modules, and subsystems to telecommunications equipment manufacturers. The company designs, manufactures, and markets products that generate, detect, amplify, combine, and separate light signals in telecommunications networks.
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TheStreet Ratings rates Oclaro as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, poor profit margins, weak operating cash flow and generally disappointing historical performance in the stock itself. You can view the full Oclaro Ratings Report.

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