NEW YORK (

TheStreet

) --

Inergy L.P

(NYSE:

NRGY

) hit a new 52-week low Friday as it is currently trading at $20.97, below its previous 52-week low of $21.90 with 309,802 shares traded as of 9:35 a.m. ET. Average volume has been 723,500 shares over the past 30 days.

Inergy L.P has a market cap of $2.65 billion and is part of the

utilities

sector and

utilities

industry. Shares are down 7.1% year to date as of the close of trading on Thursday.

Inergy, L.P. engages in the retail marketing, sale, and distribution of propane to residential, commercial, industrial, and agricultural customers in the United States. The company has a P/E ratio of 151.1, above the average utilities industry P/E ratio of 148.3 and above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Inergy L.P as a

hold

. Among the primary strengths of the company is its robust revenue growth -- not just in the most recent periods but in previous quarters as well. At the same time, however, we also find weaknesses including deteriorating net income, generally poor debt management and disappointing return on equity. You can view the full

Inergy L.P Ratings Report

.

See all

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