Oclaro Stock Hits New 52-Week Low (OCLR)

NEW YORK ( TheStreet) -- Oclaro (Nasdaq: OCLR) hit a new 52-week low Thursday as it is currently trading at $2.65, below its previous 52-week low of $2.68 with 1.4 million shares traded as of 3:55 p.m. ET. Average volume has been 882,800 shares over the past 30 days.

Oclaro has a market cap of $151.3 million and is part of the technology sector and electronics industry. Shares are up 3.5% year to date as of the close of trading on Wednesday.

Oclaro, Inc. offers optical network components, modules, and subsystems to telecommunications equipment manufacturers. The company designs, manufactures, and markets products that generate, detect, amplify, combine, and separate light signals in telecommunications networks.

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

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