Cavium Stock Hits New 52-Week Low (CAVM)

NEW YORK ( TheStreet) -- Cavium (Nasdaq: CAVM) hit a new 52-week low Thursday as it is currently trading at $24.03, below its previous 52-week low of $24.20 with 415,146 shares traded as of 10 a.m. ET. Average volume has been 1.3 million shares over the past 30 days.

Cavium has a market cap of $1.25 billion and is part of the technology sector and electronics industry. Shares are down 33% year to date as of the close of trading on Wednesday.

Cavium, Inc. designs, develops, and markets semiconductor processors for intelligent and secure networks. The company has a P/E ratio of 29.2, above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Cavium as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and weak operating cash flow. You can view the full Cavium Ratings Report.

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