Progressive Waste Stock Hits New 52-Week Low (BIN)

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.

null

More from Markets

Video: There Are Some Big Changes Coming to the PGA Championships in 2019

Video: There Are Some Big Changes Coming to the PGA Championships in 2019

Video: One-on-One With Pluralsight's CEO Following Its Successful IPO

Video: One-on-One With Pluralsight's CEO Following Its Successful IPO

CBS-Viacom Battle Comes to a Head; FDA Approves Novartis Migraine Drug --ICMYI

CBS-Viacom Battle Comes to a Head; FDA Approves Novartis Migraine Drug --ICMYI

Listen: Here's What You Need To Know About ETFs Today (Hint: They're on Fire!)

Listen: Here's What You Need To Know About ETFs Today (Hint: They're on Fire!)

Cramer and His Team Stick to Their Disciplines -- Even When It's Disappointing

Cramer and His Team Stick to Their Disciplines -- Even When It's Disappointing