Research In Motion Stock Hits New 52-Week Low (RIMM)
Research in Motion (Nasdaq:RIMM) hit a new 52-week low Monday as it is currently trading at $6.31, below its previous 52-week low of $6.33 with 1.7 million shares traded as of 9:40 a.m. ET. Average volume has been 20.4 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) -- Research in Motion (Nasdaq: RIMM) hit a new 52-week low Monday as it is currently trading at $6.31, below its previous 52-week low of $6.33 with 1.7 million shares traded as of 9:40 a.m. ET. Average volume has been 20.4 million shares over the past 30 days. Research in Motion has a market cap of $3.56 billion and is part of the technology sector and telecommunications industry. Shares are down 52.4% year to date as of the close of trading on Friday. Research In Motion Limited designs, manufactures, and markets wireless solutions for the mobile communications market worldwide.
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TheStreet Ratings rates Research in Motion as a sell. The company's weaknesses can be seen in multiple areas, such as its feeble growth in its earnings per share, deteriorating net income, disappointing return on equity, weak operating cash flow and generally disappointing historical performance in the stock itself. You can view the full Research in Motion 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.