NEW YORK (

TheStreet

) --

Steel Dynamics Inc

(Nasdaq:

STLD

) hit a new 52-week low Friday as it is currently trading at $10, below its previous 52-week low of $10.03 with 1.2 million shares traded as of 11:05 a.m. ET. Average volume has been 3.8 million shares over the past 30 days.

Steel Dynamics has a market cap of $2.2 billion and is part of the

basic materials

sector and

metals & mining

industry. Shares are down 43.6% year to date as of the close of trading on Thursday.

Steel Dynamics, Inc. engages in the manufacture and sale of steel products in the United States. It operates in three segments: Steel Operations, Metals Recycling and Ferrous Resources Operations, and Steel Fabrication Operations. The company has a P/E ratio of 10, equal to the average metals & mining industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Steel Dynamics as a

hold

. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, increase in net income and robust revenue growth. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, poor profit margins and generally poor debt management. You can view the full

Steel Dynamics Ratings Report

.

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