NEW YORK (

TheStreet

) --

E*Trade Financial

(Nasdaq:

ETFC

) hit a new 52-week low Thursday as it is currently trading at $9.84, below its previous 52-week low of $9.90 with 681,850 shares traded as of 9:56 a.m. ET. Average volume has been 7.8 million shares over the past 30 days.

E*Trade Financial has a market cap of $3.1 billion and is part of the

financial

sector and

financial services

industry. Shares are down 35.9% year to date as of the close of trading on Wednesday.

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E*TRADE Financial Corporation, together with its subsidiaries, provides online brokerage and related products and services primarily to individual retail investors in the United States. It offers trading products and services, including automated order placement and execution of the U.S. The company has a P/E ratio of 42.8, below the average financial services industry P/E ratio of 44.6 and above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates E*Trade Financial as a

hold

. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and weak operating cash flow. You can view the full

E*Trade Financial Ratings Report

.

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