NEW YORK ( TheStreet) -- EchoStar (Nasdaq: SATS) hit a new 52-week low Wednesday as it is currently trading at $20.21, below its previous 52-week low of $20.22 with 52,141 shares traded as of 11 a.m. ET. Average volume has been 191,900 shares over the past 30 days.

EchoStar has a market cap of $805.2 million and is part of the technology sector and telecommunications industry. Shares are down 16.4% year to date as of the close of trading on Tuesday.

EchoStar Corporation engages in the design, development, and distribution of digital set-top boxes and related products for direct-to-home satellite and cable providers. The company has a P/E ratio of 9.4, below the average telecommunications industry P/E ratio of 115.1 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates EchoStar as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, unimpressive growth in net income and poor profit margins. You can view the full EchoStar Ratings Report.

See all 52-week low stocks or get investment ideas from our investment research center.