NEW YORK ( TheStreet) -- Tellabs (Nasdaq: TLAB) hit a new 52-week low Friday as it is currently trading at $3.61, below its previous 52-week low of $3.63 with 487,937 shares traded as of 12 p.m. ET. Average volume has been 2.3 million shares over the past 30 days. Tellabs has a market cap of $1.37 billion and is part of the technology sector and telecommunications industry. Shares are down 8.9% year to date as of the close of trading on Thursday. Tellabs, Inc. designs, develops, and supports telecommunications networking products for communication service providers in the United States and internationally.
TheStreet Ratings rates Tellabs as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, 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 Tellabs Ratings Report. See all 52-week low stocks or get investment ideas from our investment research center.