NEW YORK (

TheStreet

) --

AllianceBernstein

(NYSE:

AB

) hit a new 52-week low Wednesday as it is currently trading at $12.50, below its previous 52-week low of $12.56 with 237,797 shares traded as of 12:35 p.m. ET. Average volume has been 383,400 shares over the past 30 days.

AllianceBernstein has a market cap of $1.38 billion and is part of the

financial

sector and

financial services

industry. Shares are down 44.8% year to date as of the close of trading on Tuesday.

AllianceBernstein Holding L.P. provides investment management and related services in the United States and internationally. The company has a P/E ratio of 7.7, below the average financial services industry P/E ratio of 9.1 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 revenue growth, largely solid financial position with reasonable debt levels by most measures and increase in net income. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity, a generally disappointing performance in the stock itself and feeble growth in the company's earnings per share. You can view the full

AllianceBernstein Ratings Report

.

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