Pitney Bowes Stock Hits New 52-Week Low (PBI)

NEW YORK ( TheStreet) -- Pitney Bowes (NYSE: PBI) hit a new 52-week low Thursday as it is currently trading at $17.31, below its previous 52-week low of $17.33 with 1.3 million shares traded as of 12:35 p.m. ET. Average volume has been 2.8 million shares over the past 30 days.

Pitney Bowes has a market cap of $3.87 billion and is part of the consumer goods sector and consumer durables industry. Shares are down 5.8% year to date as of the close of trading on Wednesday.

Pitney Bowes Inc. provides software, hardware, and services to enable physical and digital communications. It also offers a suite of equipment, supplies, software, services, and solutions for managing and integrating physical and digital communication channels. The company has a P/E ratio of 10.2, above the average consumer durables industry P/E ratio of 9.3 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Pitney Bowes as a hold. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow and a generally disappointing performance in the stock itself. You can view the full Pitney Bowes Ratings Report.

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