NEW YORK ( TheStreet) -- Popular Inc (Nasdaq: BPOP) hit a new 52-week low Monday as it is currently trading at $1.28, below its previous 52-week low of $1.30 with 6.6 million shares traded as of 1:25 p.m. ET. Average volume has been 11 million shares over the past 30 days.

Popular has a market cap of $1.6 billion and is part of the financial sector and banking industry. Shares are down 52.2% year to date as of the close of trading on Friday.

Popular, Inc., through its subsidiaries, provides a range of retail and commercial banking products and services primarily to corporate clients, small and middle size businesses, and retail clients in Puerto Rico and Mainland United States. The company has a P/E ratio of 3.1, below the average banking industry P/E ratio of 4.4 and below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Popular as a hold. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, attractive valuation levels and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow and a generally disappointing performance in the stock itself. You can view the full Popular Ratings Report.

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