NEW YORK (

TheStreet

) --

Frontline

(NYSE:

FRO

) hit a new 52-week low Wednesday as it is currently trading at $2.83, below its previous 52-week low of $2.97 with 1.8 million shares traded as of 10:09 a.m. ET. Average volume has been 2.6 million shares over the past 30 days.

Frontline has a market cap of $404.1 million and is part of the

services

sector and

transportation

industry. Shares are down 88% year to date as of the close of trading on Tuesday.

Frontline Ltd., through its subsidiaries, engages in the ownership and operation of oil tankers and oil/bulk/ore (OBO) carriers. It primarily transports crude oil; and raw materials, such as coal and iron ore. The company's OBO carriers transport dry cargo. The company has a P/E ratio of 2.5, below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Frontline as a

sell

. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, generally weak debt management, disappointing return on equity, weak operating cash flow and generally disappointing historical performance in the stock itself. You can view the full

Frontline Ratings Report

.

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