NEW YORK (

TheStreet

) --

Noranda Aluminum

(NYSE:

NOR

) hit a new 52-week low Monday as it is currently trading at $7.98, below its previous 52-week low of $8.03 with 44,048 shares traded as of 10:20 a.m. ET. Average volume has been 300,500 shares over the past 30 days.

Noranda Aluminum has a market cap of $576.8 million and is part of the

basic materials

sector and

metals & mining

industry. Shares are down 42.2% year to date as of the close of trading on Friday.

Noranda Aluminum Holding Corporation engages in the production and sale of primary aluminum products and rolled aluminum coils in the United States. It mines, produces, and sells bauxite used for alumina production. The company has a P/E ratio of 3.6, below the average metals & mining industry P/E ratio of 3.7 and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Noranda Aluminum as a

sell

. The company's weaknesses can be seen in multiple areas, such as its generally weak debt management, weak operating cash flow and poor profit margins. You can view the full

Noranda Aluminum Ratings Report

.

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