NEW YORK ( TheStreet) -- Exide Technologies (Nasdaq: XIDE) hit a new 52-week low Wednesday as it is currently trading at $2.97, below its previous 52-week low of $2.98 with 655,517 shares traded as of 10:30 a.m. ET. Average volume has been 874,500 shares over the past 30 days. Exide has a market cap of $350.6 million and is part of the industrial goods sector and industrial industry. Shares are down 52.3% year to date as of the close of trading on Tuesday. Exide Technologies engages in the production and sale of lead-acid batteries for transportation and industrial applications. The company has a P/E ratio of 11.8, below the average industrial industry P/E ratio of 12.5 and below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Exide as a hold. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, increase in net income and revenue growth. However, as a counter to these strengths, we also find weaknesses including generally poor debt management, disappointing return on equity and poor profit margins. You can view the full Exide Ratings Report. See all 52-week low stocks or get investment ideas from our investment research center.