With the financial markets continuing their wild swings this week, shares of Live Nation stock rode the same rollercoaster and today, August 19, it...

With the financial markets continuing their wild swings this week, shares of Live Nation stock rode the same rollercoaster and today, August 19, it dipped below its 52-week low of $8.29 for a brief period.

The stock, which trades under the symbol LYV, fluctuated between $8.22 and $8.76 per share throughout the day. But, it ended up closing at $8.44, down $0.14 from the previous day’s close of $8.58.

Trading volume was down to about 1.5 million shares from its three-month average of just under 1.8 million, and the company’s market capitalization is $1.57 billion. Live Nation’s debt remains at a staggering $1.7 billion.

To date, Live Nation’s stock price is down nearly 25 percent compared to the beginning of the year.

The stock remains a “hold” for most analysts, in part because of the company’s solid second quarter financial performance, where revenues grew more than 20 percent and reached $1.56 billion for the period, compared to the same time frame in 2010.

The company also recorded a profit for the quarter of $13 million, compared to a loss of $32 million for the same period in 2010, primarily due to strong concert ticket sales for many of its shows and amphitheaters.

“[Live Nation’s] strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth and increase in net income,” wrote TheStreet.com. “However, as a counter to these strengths, we also find weaknesses including generally poor debt management, poor profit margins and weak operating cash flow.”