Synchronoss Stock Hits New 52-Week Low (SNCR)

NEW YORK ( TheStreet) -- Synchronoss Technologies (Nasdaq: SNCR) hit a new 52-week low Thursday as it is currently trading at $16.97, below its previous 52-week low of $17.04 with 15,772 shares traded as of 9:44 a.m. ET. Average volume has been 486,100 shares over the past 30 days.

Synchronoss has a market cap of $683.9 million and is part of the technology sector and computer software & services industry. Shares are down 41.5% year to date as of the close of trading on Wednesday.

Synchronoss Technologies, Inc. provides on-demand transaction management solutions primarily in North America. The company has a P/E ratio of 32.4, below the average computer software & services industry P/E ratio of 35 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Synchronoss as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and impressive record of earnings per share growth. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and weak operating cash flow. You can view the full Synchronoss Ratings Report.

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