NEW YORK ( TheStreet) -- CTC Media (Nasdaq: CTCM) hit a new 52-week low Thursday as it is currently trading at $10.52, below its previous 52-week low of $10.83 with 7,347 shares traded as of 9:30 a.m. ET. Average volume has been 406,500 shares over the past 30 days. CTC Media has a market cap of $1.7 billion and is part of the services sector and media industry. Shares are down 53.7% year to date as of the close of trading on Wednesday. CTC Media, Inc. operates as an independent broadcasting company in Russia. It owns and operates the CTC, Domashny, and DTV television networks in Russia. The company has a P/E ratio of 10.6, equal to the average media industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
Practice your CTCM trading strategies and win cash in our stock game.
TheStreet Ratings rates CTC Media 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 notable return on equity. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and weak operating cash flow. You can view the full CTC Media Ratings Report. See all 52-week low stocks or get investment ideas from our investment research center.