NEW YORK ( TheStreet) -- Astoria Financial Corporation (NYSE: AF) hit a new 52-week low Monday as it is currently trading at $7.58, below its previous 52-week low of $7.65 with 461,399 shares traded as of 12:20 p.m. ET. Average volume has been 1.3 million shares over the past 30 days.

Astoria Financial has a market cap of $808.1 million and is part of the financial sector and banking industry. Shares are down 44.7% year to date as of the close of trading on Friday.

Astoria Financial Corporation operates as the bank holding company for Astoria Federal Savings and Loan Association that provides various banking services in the United States. It primarily engages in generating deposits and originating loans. The company has a P/E ratio of 8.7, above the average banking industry P/E ratio of 8.6 and below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Astoria Financial as a hold. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, expanding profit margins and good cash flow from operations. However, as a counter to these strengths, we find that the stock has had a generally disappointing performance in the past year. You can view the full Astoria Financial Ratings Report.

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