Alcoa Stock Hits New 52-Week Low (AA)

NEW YORK (TheStreet) -- Alcoa (NYSE:AA) hit a new 52-week low Thursday as it is currently trading at $8.44, below its previous 52-week low of $8.45 with 21.2 million shares traded as of 12:15 p.m. ET. Average volume has been 24.5 million shares over the past 30 days.

Alcoa has a market cap of $9.29 billion and is part of the basic materials sector and metals & mining industry. Shares are down 1.8% year to date as of the close of trading on Wednesday.

Alcoa, Inc. engages in the production and management of primary aluminum, fabricated aluminum, and alumina. The company operates in four segments: Alumina, Primary Metals, Flat-Rolled Products, and Engineered Products and Solutions. The company has a P/E ratio of 23.5, below the average metals & mining industry P/E ratio of 24.2 and above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Alcoa as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and disappointing return on equity. You can view the full Alcoa Ratings Report.

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