NEW YORK ( TheStreet) -- Piper Jaffray Cos (NYSE: PJC) hit a new 52-week low Friday as it is currently trading at $20.40, below its previous 52-week low of $20.46 with 67,043 shares traded as of 12:14 p.m. ET. Average volume has been 151,900 shares over the past 30 days.

Piper Jaffray Cos has a market cap of $429.7 million and is part of the financial sector and financial services industry. Shares are down 40.2% year to date as of the close of trading on Thursday.

Piper Jaffray Companies provides investment banking services, institutional sales, trading and research services, and asset management services worldwide. The company has a P/E ratio of 12.6, 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 Piper Jaffray Cos as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, compelling growth in net income and attractive valuation levels. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow, a generally disappointing performance in the stock itself and poor profit margins. You can view the full Piper Jaffray Cos Ratings Report.

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