NEW YORK ( TheStreet) -- Power-One (Nasdaq: PWER) hit a new 52-week low Friday as it is currently trading at $3.55, below its previous 52-week low of $3.56 with 1.7 million shares traded as of 1:35 p.m. ET. Average volume has been 1.6 million shares over the past 30 days. Power-One has a market cap of $480.5 million and is part of the technology sector and electronics industry. Shares are up 0.8% year to date as of the close of trading on Thursday. Power-One, Inc. engages in the design, manufacture, sale, and service of power supply products for the renewable energy (RE), servers, storage and networking, telecommunications, industrials, and network power systems industries worldwide. The company has a P/E ratio of 5.5, equal to the average electronics industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Power-One 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, reasonable valuation levels and notable return on equity. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and poor profit margins. You can view the full Power-One Ratings Report. See all 52-week low stocks or get investment ideas from our investment research center.