MEMC Electronic Stock Hits New 52-Week Low (WFR)

NEW YORK ( TheStreet) -- MEMC Electronic Materials (NYSE: WFR) hit a new 52-week low Monday as it is currently trading at $3.64, below its previous 52-week low of $3.65 with 2.9 million shares traded as of 11:20 a.m. ET. Average volume has been 8.4 million shares over the past 30 days.

MEMC Electronic has a market cap of $1.04 billion and is part of the technology sector and electronics industry. Shares are down 3.6% year to date as of the close of trading on Friday.

MEMC Electronic Materials, Inc. engages in the development, manufacture, and sale of silicon wafers for the semiconductor industry worldwide.

TheStreet Ratings rates MEMC Electronic as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, poor profit margins and generally disappointing historical performance in the stock itself. You can view the full MEMC Electronic Ratings Report.

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