NEW YORK ( TheStreet) -- Progressive Waste Solutions (NYSE: BIN) hit a new 52-week low Wednesday as it is currently trading at $18.92, below its previous 52-week low of $18.93 with 52,126 shares traded as of 11:04 a.m. ET. Average volume has been 281,200 shares over the past 30 days. Progressive Waste has a market cap of $2.32 billion and is part of the industrial goods sector and materials & construction industry. Shares are down 18.7% year to date as of the close of trading on Tuesday. Progressive Waste Solutions Ltd. operates as a vertically integrated waste management company in North America. The company provides non-hazardous solid waste collection and landfill disposal services to commercial, industrial, municipal, and residential customers. The company has a P/E ratio of 19.1, below the average materials & construction industry P/E ratio of 19.5 and above the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Progressive Waste as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, compelling growth in net income and good cash flow from operations. However, as a counter to these strengths, we find that the stock has had a generally disappointing performance in the past year. You can view the full Progressive Waste Ratings Report. See all 52-week low stocks or get investment ideas from our investment research center.