NEW YORK (
) hit a new 52-week low Monday as it is currently trading at $2.34, below its previous 52-week low of $2.40 with 1.7 million shares traded as of 9:56 a.m. ET. Average volume has been 8.8 million shares over the past 30 days.
Popular has a market cap of $2.6 billion and is part of the
industry. Shares are down 22% year to date as of the close of trading on Friday.
Popular, Inc., through its subsidiaries, provides a range of retail and commercial banking products and services primarily to corporate clients, small and middle size businesses, and retail clients in Puerto Rico and Mainland United States. The company has a P/E ratio of 5.1, below the average banking industry P/E ratio of 7.2 and below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Popular as a
. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, expanding profit margins and growth in earnings per share. 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
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