NEW YORK ( TheStreet) -- SK Telecom (NYSE: SKM) hit a new 52-week low Wednesday as it is currently trading at $11.79, below its previous 52-week low of $11.94 with 388,664 shares traded as of 9:35 a.m. ET. Average volume has been 2.1 million shares over the past 30 days. SK Telecom has a market cap of $7.6 billion and is part of the technology sector and telecommunications industry. Shares are down 10.3% year to date as of the close of trading on Tuesday. SK Telecom Co., Ltd. provides wireless telecommunications services principally in Korea. The company has a P/E ratio of 5.7, equal to the average telecommunications industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates SK Telecom as a hold. Among the primary strengths of the company is its attractive valuation levels, considering its current price compared to earnings, book value and other measures. At the same time, however, we also find weaknesses including deteriorating net income, disappointing return on equity and a generally disappointing performance in the stock itself. You can view the full SK Telecom Ratings Report. See all 52-week low stocks or get investment ideas from our investment research center.