Patriot Coal Stock Hits New 52-Week Low (PCX)

NEW YORK ( TheStreet) -- Patriot Coal Corporation (NYSE: PCX) hit a new 52-week low Wednesday as it is currently trading at $5.92, below its previous 52-week low of $5.97 with 2.1 million shares traded as of 10:25 a.m. ET. Average volume has been 6.5 million shares over the past 30 days.

Patriot Coal has a market cap of $733.8 million and is part of the basic materials sector and metals & mining industry. Shares are down 28.3% year to date as of the close of trading on Tuesday.

Patriot Coal Corporation engages in the mining, production, and sale of thermal coal primarily to electricity generators in the eastern United States. It has operations and coal reserves in the Appalachia and the Illinois Basin coal regions.

TheStreet Ratings rates Patriot Coal as a sell. The company's weaknesses can be seen in multiple areas, such as its feeble growth in its earnings per share, deteriorating net income, disappointing return on equity, poor profit margins and generally disappointing historical performance in the stock itself. You can view the full Patriot Coal Ratings Report.

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