NEW YORK (

TheStreet

) --

ArcelorMittal

(NYSE:

MT

) hit a new 52-week low Thursday as it is currently trading at $13.84, below its previous 52-week low of $13.96 with 1.3 million shares traded as of 10 a.m. ET. Average volume has been 7.1 million shares over the past 30 days.

ArcelorMittal has a market cap of $23.3 billion and is part of the

basic materials

sector and

metals & mining

industry. Shares are down 17.9% year to date as of the close of trading on Wednesday.

ArcelorMittal, together with its subsidiaries, operates as an integrated steel and mining company worldwide. The company has a P/E ratio of 16.6, below the average metals & mining industry P/E ratio of 29.3 and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates ArcelorMittal 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

ArcelorMittal Ratings Report

.

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