Royal Bank Of Canada Stock Hits New 52-Week Low (RY)

NEW YORK ( TheStreet) -- Royal Bank of Canada (NYSE: RY) hit a new 52-week low Tuesday as it is currently trading at $42.68, below its previous 52-week low of $43.05 with 378,523 shares traded as of 10:10 a.m. ET. Average volume has been 1.1 million shares over the past 30 days.

Royal Bank of Canada has a market cap of $65.7 billion and is part of the financial sector and banking industry. Shares are down 15.4% year to date as of the close of trading on Monday.

Royal Bank of Canada provides personal and commercial banking, wealth management services, insurance, corporate and investment banking, and transaction processing services under the RBC name worldwide. The company has a P/E ratio of 11.1, below the average banking industry P/E ratio of 15.6 and below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Royal Bank of Canada as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and premium valuation. You can view the full Royal Bank of Canada Ratings Report.

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