NEW YORK ( TheStreet) -- Volcano Corporation (Nasdaq: VOLC) hit a new 52-week low Monday as it is currently trading at $21.62, below its previous 52-week low of $21.74 with 25,713 shares traded as of 10:10 a.m. ET. Average volume has been 697,400 shares over the past 30 days.

Volcano has a market cap of $1.15 billion and is part of the health care sector and health services industry. Shares are down 19.3% year to date as of the close of trading on Friday.

Volcano Corporation designs, develops, manufactures, and commercializes a suite of intravascular ultrasound (IVUS) and functional measurement (FM) products used in the diagnosis and treatment of vascular and structural heart disease. The company has a P/E ratio of 167.9, 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 Volcano as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, expanding profit margins and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, unimpressive growth in net income and premium valuation. You can view the full Volcano Ratings Report.

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