NEW YORK ( TheStreet) -- CTC Media (Nasdaq: CTCM) hit a new 52-week low Friday as it is currently trading at $8.96, below its previous 52-week low of $9.11 with 96,051 shares traded as of 10:05 a.m. ET. Average volume has been 459,600 shares over the past 30 days. CTC Media has a market cap of $1.5 billion and is part of the services sector and media industry. Shares are down 60.8% year to date as of the close of trading on Thursday. 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 nine, equal to the average media industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
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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.