RadioShack Scrapes 52-Week Low

NEW YORK ( TheStreet) -- Shares of RadioShack ( RSH) scraped a new 52-week low on Thursday.

The consumer electronics retailer warned of weak fourth-quarter results on Jan. 30, citing an unfavorable product mix skewed toward lower-margin smartphones and the underperformance of partner Sprint's ( S) postpaid wireless business. The stock tanked following that news and is already down more than 30% in 2012.

The shares were recently quoted at $6.51, up 3 cents on the day, but earlier in the session they fell as low as $6.43, a new nadir for the year. The stock's 52-week high of $16.70.

"RSH's weak Q4 results were consistent with its pre-announcement but point to another challenging year ahead in 2012," Credit Suisse analysts wrote on Feb. 22 after the company's last quarterly report. "While RSH discussed Q1 as the trough, we are concerned problems may continue past Q1."

The company is slated to report its first-quarter results on April 23. Analysts, on average, anticipate 5 cents a share in earnings on $1.06 billion in revenue.

On Thursday, RadioShack and Malaysian retail firm Berjaya Retail Berhad entered into a master development agreement to increase RadioShack's presence in Southeast Asia. Berjaya is anticipated to open about 1,000 franchise stores within the first 10 years of this agreement.

RadioShack shares currently trade at an estimated price-to-earnings ratio for next year of 9.5 times; the average for specialty retailers is 17.4X.

Fifteen of the 21 analysts who cover RadioShack rate it at hold. Four analysts give the stock a sell rating and two rate it at buy.

TheStreet Ratings gives RadioShack a C grade and hold rating. The stock has fallen 32.85% year to date.

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-- Written by Alexandra Zendrian in New York.

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