NEW YORK (

TheStreet

) --

Titanium Metals Corporation

(NYSE:

TIE

) hit a new 52-week low Thursday as it is currently trading at $15.77, below its previous 52-week low of $16.03 with 302,066 shares traded as of 9:46 a.m. ET. Average volume has been 2.3 million shares over the past 30 days.

Titanium has a market cap of $3 billion and is part of the

basic materials

sector and

metals & mining

industry. Shares are down 4.8% year to date as of the close of trading on Wednesday.

Titanium Metals Corporation produces and sells titanium melted and mill products. The company has a P/E ratio of 54.4, above the average metals & mining industry P/E ratio of 32.4 and above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Titanium as a

hold

. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, revenue growth and notable return on equity. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, weak operating cash flow and poor profit margins. You can view the full

Titanium Ratings Report

.

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