Advanced Micro Devices Stock Hits New 52-Week Low (AMD)
Advanced Micro Devices (NYSE:AMD) hit a new 52-week low Wednesday as it is currently trading at $3.50, below its previous 52-week low of $3.60 with 1.3 million shares traded as of 9:35 a.m. ET. Average volume has been 16.9 million shares over the past 30 days.
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model NEW YORK ( TheStreet) -- Advanced Micro Devices (NYSE: AMD) hit a new 52-week low Wednesday as it is currently trading at $3.50, below its previous 52-week low of $3.60 with 1.3 million shares traded as of 9:35 a.m. ET. Average volume has been 16.9 million shares over the past 30 days. Advanced Micro Devices has a market cap of $2.63 billion and is part of the technology sector and electronics industry. Shares are down 31.1% year to date as of the close of trading on Tuesday. Advanced Micro Devices, Inc. operates as a semiconductor company worldwide. The company designs, develops, and sells microprocessor products, such as central processing unit (CPU) and accelerated processing unit (APU) for servers, desktop personal computers (PCs), and mobile devices.
TheStreet Ratings rates Advanced Micro Devices as a hold. Among the primary strengths of the company is its expanding profit margins over time. At the same time, however, we also find weaknesses including deteriorating net income, generally higher debt management risk and disappointing return on equity. You can view the full Advanced Micro Devices Ratings Report. See all 52-week low stocks or get investment ideas from our investment research center. FREE from Real Money's Jim Cramer: Winners and Losers Election 2012 - Steps to take NOW so you can profit no matter who is in charge! Free download now.