NEW YORK ( TheStreet) -- CNinsure (Nasdaq: CISG) hit a new 52-week low Friday as it is currently trading at $9.82, below its previous 52-week low of $10.20 with 80,147 shares traded as of 10:05 a.m. ET. Average volume has been 404,300 shares over the past 30 days. CNinsure has a market cap of $557.1 million and is part of the financial sector and insurance industry. Shares are down 40.4% year to date as of the close of trading on Thursday. CNinsure Inc., together with its subsidiaries, provides insurance brokerage and agency services, and insurance claims adjusting services in the People's Republic of China. The company has a P/E ratio of 8.5, above the average insurance industry P/E ratio of 6.2 and below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates CNinsure as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and attractive valuation levels. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, disappointing return on equity and a generally disappointing performance in the stock itself. You can view the full CNinsure Ratings Report. See all 52-week low stocks or get investment ideas from our investment research center.