Exide Stock Hits New 52-Week Low (XIDE)

NEW YORK ( TheStreet) -- Exide Technologies (Nasdaq: XIDE) hit a new 52-week low Thursday as it is currently trading at $2.61, below its previous 52-week low of $2.62 with 993,118 shares traded as of 12:46 p.m. ET. Average volume has been 937,600 shares over the past 30 days.

Exide has a market cap of $207.8 million and is part of the industrial goods sector and industrial industry. Shares are down 70.6% year to date as of the close of trading on Wednesday.

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 12.7, below the average industrial industry P/E ratio of 29.6 and below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Exide as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, generally weak debt management, disappointing return on equity, poor profit margins and weak operating cash flow. You can view the full Exide Ratings Report.

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