Symantec Stock Hits New 52-Week Low (SYMC)

NEW YORK ( TheStreet) -- Symantec (Nasdaq: SYMC) hit a new 52-week low Monday as it is currently trading at $13.13, below its previous 52-week low of $13.16 with 334,523 shares traded as of 9:40 a.m. ET. Average volume has been 8.6 million shares over the past 30 days.

Symantec has a market cap of $9.98 billion and is part of the technology sector and computer software & services industry. Shares are down 13.2% year to date as of the close of trading on Friday.

Symantec Corporation provides security, storage, and systems management solutions to various organization and consumers worldwide. It operates in four segments: Consumer, Security and Compliance, Storage and Server Management, and Services. The company has a P/E ratio of 8.8, equal to the average computer software & services industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Symantec as a hold. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income and revenue growth. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow and a generally disappointing performance in the stock itself. You can view the full Symantec Ratings Report.

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