NEW YORK ( TheStreet) -- Marvell Technology Group (Nasdaq: MRVL) hit a new 52-week low Friday as it is currently trading at $10.86, below its previous 52-week low of $10.87 with 2.2 million shares traded as of 11:05 a.m. ET. Average volume has been 11.2 million shares over the past 30 days. Marvell Technology Group has a market cap of $6.27 billion and is part of the technology sector and electronics industry. Shares are down 20.3% year to date as of the close of trading on Thursday. Marvell Technology Group Ltd. designs, develops, and markets analog, mixed-signal, digital signal processing, and embedded and standalone ARM-based microprocessor integrated circuits. The company has a P/E ratio of 12, equal to the average electronics industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Marvell Technology Group 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 good cash flow from operations. However, as a counter to these strengths, 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 Marvell Technology Group Ratings Report. See all 52-week low stocks or get investment ideas from our investment research center.