NEW YORK (

TheStreet

) --

Pitney Bowes Inc

(NYSE:

PBI

) hit a new 52-week low Thursday as it is currently trading at $18.06, below its previous 52-week low of $18.12 with 3.1 million shares traded as of 3:20 p.m. ET. Average volume has been three million shares over the past 30 days.

Pitney Bowes has a market cap of $4 billion and is part of the

consumer goods

sector and

consumer durables

industry. Shares are down 20.1% year to date as of the close of trading on Wednesday.

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Pitney Bowes Inc. provides mail processing equipment and integrated mail solutions worldwide. It offers a suite of equipment, supplies, software, services, and solutions for managing and integrating physical and digital communication channels. The company has a P/E ratio of 11.5, below the average consumer durables industry P/E ratio of 12 and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Pitney Bowes as a

hold

. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, as a counter to these strengths, we find that the stock has had a generally disappointing performance in the past year. You can view the full

Pitney Bowes Ratings Report

.

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