NEW YORK (

TheStreet

) --

AllianceBernstein

(NYSE:

AB

) hit a new 52-week low Wednesday as it is currently trading at $17.86, below its previous 52-week low of $17.89 with 411,374 shares traded as of 3:56 p.m. ET. Average volume has been 420,900 shares over the past 30 days.

AllianceBernstein has a market cap of $2 billion and is part of the

financial

sector and

financial services

industry. Shares are down 20.4% year to date as of the close of trading on Tuesday.

AllianceBernstein Holding L.P. and its subsidiaries provide investment management and related services to institutional, retail, and private clients in the United States and internationally. The company has a P/E ratio of 12.1, below the average financial services industry P/E ratio of 14.7 and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates AllianceBernstein as a

hold

. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures and expanding profit margins. 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

AllianceBernstein Ratings Report

.

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