NEW YORK ( TheStreet) -- Platinum Underwriters Holdings (NYSE: PTP) hit a new 52-week low Friday as it is currently trading at $31.50, below its previous 52-week low of $32 with 34,601 shares traded as of 10 a.m. ET. Average volume has been 303,900 shares over the past 30 days.

Platinum Underwriters has a market cap of $1.2 billion and is part of the financial sector and insurance industry. Shares are down 28.7% year to date as of the close of trading on Thursday.

Platinum Underwriters Holdings, Ltd., through its subsidiaries, provides property and marine, casualty, and finite risk reinsurance products worldwide.
  • Practice your PTP trading strategies and win cash in our stock game.

TheStreet Ratings rates Platinum Underwriters as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and disappointing return on equity. You can view the full Platinum Underwriters Ratings Report.

See all 52-week low stocks or get investment ideas from our investment research center.
null

If you liked this article you might like

Market News: Best Buy, Verizon Communications, Platinum Underwriters

S&P 500 Little Changed Amid Uncertainty Over U.S. Economic Growth

S&P 500 Holds at Record Highs as Global Optimism Gives Support

U.S. Stocks Kick Off Thanksgiving Week Rally Amid Global Optimism

RenaissanceRe Rolls Up Platinum Underwriters for $1.9 Billion