Nucor Stock Hits New 52-Week Low (NUE)

NEW YORK (TheStreet) -- Nucor Corp (NYSE:NUE) hit a new 52-week low Thursday as it is currently trading at $31.12, below its previous 52-week low of $31.35 with 845,511 shares traded as of 9:50 a.m. ET. Average volume has been 3.8 million shares over the past 30 days.

Nucor has a market cap of $10.8 billion and is part of the basic materials sector and metals & mining industry. Shares are down 22.2% year to date as of the close of trading on Wednesday.

Nucor Corporation, together with its subsidiaries, engages in the manufacture and sale of steel and steel products in North America and internationally. It operates through three segments: Steel Mills, Steel Products, and Raw Materials. The company has a P/E ratio of 23, below the average metals & mining industry P/E ratio of 23.2 and above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Nucor as a hold. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income and robust revenue growth. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and poor profit margins. You can view the full Nucor Ratings Report.

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