Best Buy Stock Hits New 52-Week Low (BBY)

NEW YORK ( TheStreet) -- Best Buy (NYSE: BBY) hit a new 52-week low Tuesday as it is currently trading at $21.76, below its previous 52-week low of $21.79 with 20.3 million shares traded as of 12:40 p.m. ET. Average volume has been 6.6 million shares over the past 30 days.

Best Buy has a market cap of $8.88 billion and is part of the services sector and retail industry. Shares are down 3.1% year to date as of the close of trading on Monday.

Best Buy Co., Inc. operates as a retailer of consumer electronics, home office products, entertainment products, appliances, and related services primarily in the United States, Europe, Canada, and China.

TheStreet Ratings rates Best Buy as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth and good cash flow from operations. 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 Best Buy Ratings Report.

See all 52-week low stocks or get investment ideas from our investment research center.

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