NEW YORK ( TheStreet) -- Progressive Waste Solutions (NYSE: BIN) hit a new 52-week low Thursday as it is currently trading at $19.04, below its previous 52-week low of $19.23 with 290,040 shares traded as of 11:34 a.m. ET. Average volume has been 421,100 shares over the past 30 days. Progressive Waste has a market cap of $2.4 billion and is part of the industrial goods sector and materials & construction industry. Shares are down 20.7% year to date as of the close of trading on Wednesday. Progressive Waste Solutions Ltd. operates as a vertically integrated waste management company in North America. The company provides non-hazardous solid waste collection and landfill disposal services to commercial, industrial, municipal, and residential customers. The company has a P/E ratio of 23, below the average materials & construction industry P/E ratio of 23.3 and above the S&P 500 P/E ratio of 17.7.
Practice your BIN trading strategies and win cash in our stock game.
TheStreet Ratings rates Progressive Waste as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, compelling growth in net income and reasonable valuation levels. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity and a generally disappointing performance in the stock itself. You can view the full Progressive Waste Ratings Report. See all 52-week low stocks or get investment ideas from our investment research center.