NEW YORK ( TheStreet) -- Nelnet (NYSE: NNI) hit a new 52-week low Monday as it is currently trading at $18.80, below its previous 52-week low of $18.88 with 48,450 shares traded as of 11:37 a.m. ET. Average volume has been 117,300 shares over the past 30 days.

Nelnet has a market cap of $726.3 million and is part of the financial sector and financial services industry. Shares are down 18.5% year to date as of the close of trading on Friday.

Nelnet, Inc., an education services company, focuses on providing fee-based processing services, and education-related products and services in the areas of loan financing, loan servicing, payment processing, and enrollment services. The company has a P/E ratio of 5.1, equal to the average financial services industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Nelnet as a sell. The company's weaknesses can be seen in multiple areas, such as its generally weak debt management, disappointing return on equity and generally disappointing historical performance in the stock itself. You can view the full Nelnet Ratings Report.

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