Clearwire Stock Hits New 52-Week Low (CLWR)

NEW YORK ( TheStreet) -- Clearwire (Nasdaq: CLWR) hit a new 52-week low Monday as it is currently trading at $1.31, below its previous 52-week low of $1.32 with 7.2 million shares traded as of 1:20 p.m. ET. Average volume has been 6.9 million shares over the past 30 days.

Clearwire has a market cap of $521.9 million and is part of the technology sector and telecommunications industry. Shares are down 60.2% year to date as of the close of trading on Friday.

Clearwire Corporation provides wireless broadband services. The company builds and operates mobile broadband networks that provide high-speed mobile Internet and residential access services, as well as residential voice services in communities in the United States.
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TheStreet Ratings rates Clearwire 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, generally weak debt management and generally disappointing historical performance in the stock itself. You can view the full Clearwire Ratings Report.

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