Qiagen Stock Hits New 52-Week Low (QGEN)

NEW YORK ( TheStreet) -- Qiagen (Nasdaq: QGEN) hit a new 52-week low Wednesday as it is currently trading at $12.93, below its previous 52-week low of $12.98 with 183,771 shares traded as of 9:30 a.m. ET. Average volume has been 2.2 million shares over the past 30 days.

Qiagen has a market cap of $3.1 billion and is part of the health care sector and drugs industry. Shares are down 32% year to date as of the close of trading on Tuesday.

QIAGEN N.V., through its subsidiaries, provides sample and assay technologies. The company has a P/E ratio of 21.8, below the average drugs industry P/E ratio of 23.8 and above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Qiagen as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and disappointing return on equity. You can view the full Qiagen Ratings Report.

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