NEW YORK (

TheStreet

) --

Raytheon Company

(NYSE:

RTN

) hit a new 52-week low Thursday as it is currently trading at $38.65, below its previous 52-week low of $38.76 with 187,524 shares traded as of 9:47 a.m. ET. Average volume has been 3.6 million shares over the past 30 days.

Raytheon has a market cap of $14.6 billion and is part of the

industrial goods

sector and

aerospace/defense

industry. Shares are down 14.1% year to date as of the close of trading on Wednesday.

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Raytheon Company designs, develops, manufactures, integrates, and supports technological products, services, and solutions for governmental and commercial customers in the United States and internationally. The company has a P/E ratio of 7.7, above the average aerospace/defense industry P/E ratio of 7.5 and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Raytheon as a

hold

. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, largely solid financial position with reasonable debt levels by most measures and attractive valuation levels. However, as a counter to these strengths, we also find weaknesses including poor profit margins, weak operating cash flow and a generally disappointing performance in the stock itself. You can view the full

Raytheon Ratings Report

.

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