NEW YORK ( TheStreet) -- Boston Scientific (NYSE: BSX) hit a new 52-week low Monday as it is currently trading at $5.53, below its previous 52-week low of $5.55 with 13.5 million shares traded as of 2:50 p.m. ET. Average volume has been 18.3 million shares over the past 30 days.

Boston Scientific has a market cap of $9.3 billion and is part of the health care sector and health services industry. Shares are down 21.9% year to date as of the close of trading on Friday.

Boston Scientific Corporation develops, manufactures, and markets medical devices used in various interventional medical specialties worldwide. The company has a P/E ratio of 15.2, above the average health services industry P/E ratio of 14.9 and below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Boston Scientific as a hold. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, revenue growth and attractive valuation levels. 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 Boston Scientific Ratings Report.

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