Depomed Stock Hits New 52-Week Low (DEPO)

NEW YORK ( TheStreet) -- Depomed (Nasdaq: DEPO) hit a new 52-week low Tuesday as it is currently trading at $4.35, below its previous 52-week low of $4.45 with 193,829 shares traded as of 10:04 a.m. ET. Average volume has been 912,800 shares over the past 30 days.

Depomed has a market cap of $273.5 million and is part of the health care sector and drugs industry. Shares are down 28.9% year to date as of the close of trading on Monday.

Depomed, Inc., a specialty pharmaceutical company, develops and commercializes pharmaceutical products based on its proprietary oral drug delivery technologies in the United States. The company has a P/E ratio of 2.9, equal to the average drugs industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Depomed as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, notable return on equity and reasonable valuation levels. However, as a counter to these strengths, we find that the growth in the company's net income has been quite unimpressive. You can view the full Depomed Ratings Report.

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