NEW YORK ( TheStreet) -- Vonage Holdings Corporation (NYSE: VG) hit a new 52-week low Monday as it is currently trading at $1.67, below its previous 52-week low of $1.68 with 940,293 shares traded as of 10:35 a.m. ET. Average volume has been 1.8 million shares over the past 30 days. Vonage has a market cap of $402.9 million and is part of the technology sector and telecommunications industry. Shares are down 27.8% year to date as of the close of trading on Friday. Vonage Holdings Corp. provides broadband communication services in the United States, Canada, and the United Kingdom. The company offers voice and messaging services through session initiation protocol (SIP) based voice over Internet protocol network. The company has a P/E ratio of 1.1, equal to the average telecommunications industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Vonage as a hold. The company's strengths can be seen in multiple areas, such as its notable return on equity, attractive valuation levels and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, weak operating cash flow and a generally disappointing performance in the stock itself. You can view the full Vonage Ratings Report. See all 52-week low stocks or get investment ideas from our investment research center.