SAIC Stock Hits New 52-Week Low (SAI)

NEW YORK ( TheStreet) -- SAIC (NYSE: SAI) hit a new 52-week low Tuesday as it is currently trading at $11.02, below its previous 52-week low of $11.03 with 1.1 million shares traded as of 1 p.m. ET. Average volume has been 2.7 million shares over the past 30 days.

SAIC has a market cap of $3.83 billion and is part of the services sector and diversified services industry. Shares are down 9.8% year to date as of the close of trading on Monday.

SAIC, Inc. provides scientific, engineering, systems integration, and technical services and solutions to agencies of the U.S. Department of Defense, the intelligence community, the U.S. Department of Homeland Security, other U.S.

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

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