SK Telecom Stock Hits New 52-Week Low (SKM)

NEW YORK ( TheStreet) -- SK Telecom (NYSE: SKM) hit a new 52-week low Friday as it is currently trading at $13.34, below its previous 52-week low of $13.35 with 283,107 shares traded as of 9:45 a.m. ET. Average volume has been 2.1 million shares over the past 30 days.

SK Telecom has a market cap of $8.65 billion and is part of the technology sector and telecommunications industry. Shares are down 1% year to date as of the close of trading on Thursday.

SK Telecom Co., Ltd. provides wireless telecommunications services using code division multiple access (CDMA) and wide-band CDMA technologies. It offers cellular voice services, such as wireless voice transmission services; and wireless global roaming services. The company has a P/E ratio of 0.8, below the average telecommunications industry P/E ratio of 5.7 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates SK Telecom as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we find that the stock has had a generally disappointing performance in the past year. You can view the full SK Telecom Ratings Report.

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