Power-One Trading Near 52-week Low, Investors Looking to Let Up on Shares

Power-One (NASDAQ: PWER) shares are down ~4% since market open and has been called one of today's worst performing stocks by Financial News Network Online, which also points out that Power-One has traded 1 million shares today vs. its average volume of 3.4 million.

So what gives?

On October 28, Jefferies & Company published a research report on Power-One after the company reported its 3Q earnings, stating, "OM for the Renewable division remains above 20%. PWER is trading at 6x 2012 EPS, 5x our 2013 EPS; TBV/sh is 2.62 and net cash/sh is 1.05. PWER will survive the cycle and is one of best positioned companies to gain share and expand TAM into the next upturn, in our view."

At the time, Jefferies commented that Power-One's 4Q was off to a "good start". Shares were trading at $4.93 at the time of that report.

That color, according to Jefferies, was what was positive.

Over the last year, Power-One has had a valuation range of $4.05 to $12.14, and is currently trading at $4.86 while investors look to light up on shares, according to Zacks.

This stock may be attractively valued currently trading near its 52-week low as the stock continues to push through 4Q holding onto its market share in an environment that is becoming increasingly weaker due to increased competitiveness. Power-One's latest strategy has involved lowering prices in some areas of its business while maintaining prices in others.