Citigroup Stock Hits New 52-Week Low (C)

NEW YORK ( TheStreet) -- Citigroup Inc (NYSE: C) hit a new 52-week low Monday as it is currently trading at $23.17, below its previous 52-week low of $23.19 with 54.6 million shares traded as of 3:25 p.m. ET. Average volume has been 49 million shares over the past 30 days.

Citigroup has a market cap of $78.5 billion and is part of the financial sector and banking industry. Shares are down 45.8% year to date as of the close of trading on Friday.

Citigroup, Inc., a global financial services company, provides consumers, corporations, governments, and institutions with a range of financial products and services. The company operates through two segments, Citicorp and Citi Holdings. The company has a P/E ratio of 8.3, equal to the average banking industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Citigroup as a hold. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including generally poor debt management, a generally disappointing performance in the stock itself and poor profit margins. You can view the full Citigroup Ratings Report.

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