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Shares of Hutchinson Technology (NASDAQ:HTCH) hit a new 52-week low during mid-day trading on Wednesday , American Banking News reports. The stock traded as low as $1.96 and last traded at $2.05, with a volume of 136,621 shares trading hands. The stock had previously closed at $1.99.

The stock has a 50-day moving average of $2.11 and a 200-day moving average of $2.96. The company’s market cap is $57.5 million.

Hutchinson Technology (NASDAQ:HTCH) last issued its quarterly earnings data on Thursday, May 1st. The company reported ($0.28) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by $0.40. The company had revenue of $60.70 million for the quarter, compared to the consensus estimate of $60.90 million. During the same quarter in the previous year, the company posted ($0.16) earnings per share. The company’s revenue for the quarter was down .3% on a year-over-year basis. On average, analysts predict that Hutchinson Technology will post $-1.10 earnings per share for the current fiscal year.

Hutchinson Technology Incorporated (NASDAQ:HTCH) is a global technology company engaged in developing solutions to customer problems.

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