Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model

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NEW YORK (

TheStreet

) --

Newcastle Investment Corporation

(NYSE:

NCT

) hit a new 52-week low Friday as it is currently trading at $4.92, below its previous 52-week low of $4.93 with 2.4 million shares traded as of 11:21 a.m. ET. Average volume has been 10.1 million shares over the past 30 days.

Newcastle Investment has a market cap of $1.54 billion and is part of the financial sector and real estate industry. Shares are down 42.3% year to date as of the close of trading on Thursday.

Newcastle Investment Corp. operates as a real estate investment and finance company in the United States. The company has a P/E ratio of 2.2, below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates

Newcastle Investment

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 feeble growth in the company's earnings per share, unimpressive growth in net income and a generally disappointing performance in the stock itself. You can view the full

Newcastle Investment Ratings Report

.

See all

52-week low stocks

or get investment ideas from our

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