NEW YORK ( TheStreet) -- Rovi (Nasdaq: ROVI) hit a new 52-week low Monday as it is currently trading at $27.09, below its previous 52-week low of $27.45 with 44,305 shares traded as of 9:36 a.m. ET. Average volume has been 1.9 million shares over the past 30 days. Rovi has a market cap of $3.04 billion and is part of the technology sector and computer software & services industry. Shares are down 55.5% year to date as of the close of trading on Friday. Rovi Corporation provides digital entertainment technology solutions for the discovery and management of entertainment content. The company has a P/E ratio of 39.9, below the average computer software & services industry P/E ratio of 41.8 and above the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Rovi as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, reasonable valuation levels and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and weak operating cash flow. You can view the full Rovi Ratings Report. See all 52-week low stocks or get investment ideas from our investment research center.