Fuel Systems Stock Hits New 52-Week Low (FSYS)

NEW YORK ( TheStreet) -- Fuel Systems Solutions (Nasdaq: FSYS) hit a new 52-week low Tuesday as it is currently trading at $16.84, below its previous 52-week low of $17.22 with 23,459 shares traded as of 9:39 a.m. ET. Average volume has been 231,000 shares over the past 30 days.

Fuel Systems has a market cap of $383.9 million and is part of the consumer goods sector and automotive industry. Shares are down 34.6% year to date as of the close of trading on Monday.

Fuel Systems Solutions, Inc. engages in the design, manufacture, and supply of alternative fuel components and systems for use in the transportation, industrial, and power generation markets primarily in North America, Europe, Asia, the Pacific Rim, and Latin America. The company has a P/E ratio of 40.9, below the average automotive industry P/E ratio of 41.8 and above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Fuel Systems as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, feeble growth in the company's earnings per share and deteriorating net income. You can view the full Fuel Systems Ratings Report.

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