Quanex Building Stock Hits New 52-Week Low (NX)

NEW YORK ( TheStreet) -- Quanex Building Products (NYSE: NX) hit a new 52-week low Thursday as it is currently trading at $11.06, below its previous 52-week low of $11.09 with 460,400 shares traded as of 3:22 p.m. ET. Average volume has been 396,500 shares over the past 30 days.

Quanex Building has a market cap of $462.8 million and is part of the industrial goods sector and materials & construction industry. Shares are down 35.8% year to date as of the close of trading on Wednesday.

Quanex Building Products Corporation provides engineered products and aluminum sheet products. Its Engineered Products segment produces window and door components for original equipment manufacturers that primarily serve the residential construction and remodeling markets. The company has a P/E ratio of 36.3, below the average materials & construction industry P/E ratio of 38.6 and above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Quanex Building as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and reasonable valuation levels. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and poor profit margins. You can view the full Quanex Building Ratings Report.

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