NEW YORK ( TheStreet) -- Masimo Corporation (Nasdaq: MASI) hit a new 52-week low Monday as it is currently trading at $18.03, below its previous 52-week low of $18.08 with 868,754 shares traded as of 3:05 p.m. ET. Average volume has been 511,900 shares over the past 30 days.

Masimo has a market cap of $1.24 billion and is part of the health care sector and health services industry. Shares are down 33.5% year to date as of the close of trading on Friday.

Masimo Corporation, a medical technology company, develops, manufactures, and markets noninvasive patient monitoring products worldwide. The company has a P/E ratio of 19.2, equal to the average health services industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Masimo 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 good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, a generally disappointing performance in the stock itself and feeble growth in the company's earnings per share. You can view the full Masimo Ratings Report.

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