NEW YORK ( TheStreet) -- OfficeMax Inc (NYSE: OMX) hit a new 52-week low Wednesday as it is currently trading at $4.94, below its previous 52-week low of $5.02 with 1.8 million shares traded as of 3:56 p.m. ET. Average volume has been 2.8 million shares over the past 30 days.

OfficeMax has a market cap of $465.3 million and is part of the services sector and specialty retail industry. Shares are down 70.2% year to date as of the close of trading on Tuesday.

OfficeMax Incorporated, together with its subsidiaries, distributes business-to-business and retail office products. The company has a P/E ratio of 11.8, equal to the average specialty retail industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates OfficeMax as a sell. The company's weaknesses can be seen in multiple areas, such as its unimpressive growth in net income, disappointing return on equity, poor profit margins, generally weak debt management and generally disappointing historical performance in the stock itself. You can view the full OfficeMax Ratings Report.

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