Manulife Financial Stock Hits New 52-Week Low (MFC)

NEW YORK ( TheStreet) -- Manulife Financial Corporation (NYSE: MFC) hit a new 52-week low Tuesday as it is currently trading at $10.51, below its previous 52-week low of $10.63 with 109,095 shares traded as of 9:35 a.m. ET. Average volume has been 3.8 million shares over the past 30 days.

Manulife Financial has a market cap of $20.3 billion and is part of the financial sector and insurance industry. Shares are down 37.3% year to date as of the close of trading on Monday.

Manulife Financial Corporation, together with its subsidiaries, provides financial protection and wealth management products and services to individuals and group customers primarily in Canada, the United States, and Asia. The company has a P/E ratio of 5.2, below the average insurance industry P/E ratio of 9.1 and below the S&P 500 P/E ratio of 17.7.
  • Practice your MFC trading strategies and win cash in our stock game.

TheStreet Ratings rates Manulife Financial as a hold. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, reasonable valuation levels and notable return on equity. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow, a generally disappointing performance in the stock itself and poor profit margins. You can view the full Manulife Financial Ratings Report.

See all 52-week low stocks or get investment ideas from our investment research center.

null

More from Markets

Oil Slumps, Gas Spikes Ahead of Holiday Weekend; Assessing the Chipmakers--ICYMI

Oil Slumps, Gas Spikes Ahead of Holiday Weekend; Assessing the Chipmakers--ICYMI

Week Ahead: Wall Street Looks to Jobs Report as North Korea Meeting Less Certain

Week Ahead: Wall Street Looks to Jobs Report as North Korea Meeting Less Certain

Dow and S&P 500 Decline, Energy Shares Fall as U.S. Crude Oil Slides 4%

Dow and S&P 500 Decline, Energy Shares Fall as U.S. Crude Oil Slides 4%

Replay: Jim Cramer on the Markets, 10-Year Yield, Oil Prices and Foot Locker

Replay: Jim Cramer on the Markets, 10-Year Yield, Oil Prices and Foot Locker

Video: You Could Live in a Ritz-Carlton or St. Regis Home

Video: You Could Live in a Ritz-Carlton or St. Regis Home