RF Micro Devices Stock Hits New 52-Week Low (RFMD)

NEW YORK ( TheStreet) -- RF Micro Devices (Nasdaq: RFMD) hit a new 52-week low Monday as it is currently trading at $3.49, below its previous 52-week low of $3.50 with 943,063 shares traded as of 11:40 a.m. ET. Average volume has been 3.7 million shares over the past 30 days.

RF Micro Devices has a market cap of $1.05 billion and is part of the technology sector and electronics industry. Shares are down 30.2% year to date as of the close of trading on Friday.

RF Micro Devices, Inc. designs, develops, manufactures, and markets radio frequency (RF) components and compound semiconductor technologies primarily in the United States and Asia. The company has a P/E ratio of 30.5, above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates RF Micro Devices 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 and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and weak operating cash flow. You can view the full RF Micro Devices Ratings Report.

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