VimpelCom Stock Hits New 52-Week Low (VIP)

NEW YORK ( TheStreet) -- VimpelCom (NYSE: VIP) hit a new 52-week low Thursday as it is currently trading at $8.79, below its previous 52-week low of $8.83 with 885,443 shares traded as of 11:16 a.m. ET. Average volume has been two million shares over the past 30 days.

VimpelCom has a market cap of $14.69 billion and is part of the technology sector and telecommunications industry. Shares are down 4.1% year to date as of the close of trading on Wednesday.

VimpelCom Ltd., a telecommunications service operator, provides voice and data services through a range of traditional and broadband mobile and fixed technologies. The company has a P/E ratio of 53.4, above the average telecommunications industry P/E ratio of 25.2 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates VimpelCom as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, generally weak debt management, disappointing return on equity, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share.

You can view the full VimpelCom Ratings Report.

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