Delhaize Group Stock Hits New 52-Week Low (DEG)

NEW YORK ( TheStreet) -- Delhaize Group (NYSE: DEG) hit a new 52-week low Wednesday as it is currently trading at $50.33, below its previous 52-week low of $50.57 with 22,894 shares traded as of 11:09 a.m. ET. Average volume has been 45,500 shares over the past 30 days.

Delhaize Group has a market cap of $5.49 billion and is part of the services sector and retail industry. Shares are down 7.3% year to date as of the close of trading on Tuesday.

Etablissements Delhaize Freres et Cie Le Lion (Groupe Delhaize) S.A., together with its subsidiaries, engages in the operations of food supermarkets in North America, Europe, and southeast Asia. The company has a P/E ratio of 6.6, below the average retail industry P/E ratio of 7.2 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Delhaize Group as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and poor profit margins. You can view the full Delhaize Group Ratings Report.

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