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TheStreet Wire

Best Buy Stock Hits New 52-Week Low (BBY)

By TheStreet Wire 07/25/12 - 12:49 PM EDT

Find out if (BBY) is in Cramer's Portfolio.

NEW YORK (TheStreet) -- Best Buy (NYSE:BBY) hit a new 52-week low Wednesday as it is currently trading at $17.50, below its previous 52-week low of $17.53 with 3.2 million shares traded as of 12:25 p.m. ET. Average volume has been nine million shares over the past 30 days.

Best Buy has a market cap of $6.35 billion and is part of the services sector and retail industry. Shares are down 20.1% year to date as of the close of trading on Tuesday.

Best Buy Co., Inc. operates as a retailer of consumer electronics, computing and mobile phone products, entertainment products, appliances, and related services primarily in the United States, Europe, Canada, and China.

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TheStreet Ratings rates Best Buy as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share and increase in net income. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity, poor profit margins and weak operating cash flow. You can view the full Best Buy Ratings Report.

See all 52-week low stocks or get investment ideas from our investment research center.

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