NEW YORK (

TheStreet

) --

Best Buy

(NYSE:

BBY

) hit a new 52-week low Thursday as it is currently trading at $28.06, below its previous 52-week low of $28.09 with 4.4 million shares traded as of 3:36 p.m. ET. Average volume has been 7.1 million shares over the past 30 days.

Best Buy has a market cap of $11.1 billion and is part of the

services

sector and

retail

industry. Shares are down 16.1% year to date as of the close of trading on Wednesday.

Best Buy Co., Inc. operates as a retailer of consumer electronics, home office products, entertainment products, appliances, and related services primarily in the United States, Europe, Canada, and China. The company has a P/E ratio of 9.7, equal to the average retail industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

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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, reasonable valuation levels and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, poor profit margins and a generally disappointing performance in the stock itself. 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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