AbitibiBowater Stock Hits New 52-Week Low (ABH)

NEW YORK ( TheStreet) -- AbitibiBowater (NYSE: ABH) hit a new 52-week low Wednesday as it is currently trading at $13.15, below its previous 52-week low of $13.26 with 6,935 shares traded as of 9:35 a.m. ET. Average volume has been 312,800 shares over the past 30 days.

AbitibiBowater has a market cap of $1.32 billion and is part of the consumer goods sector and consumer non-durables industry. Shares are down 8.5% year to date as of the close of trading on Tuesday.

AbitibiBowater, Inc., doing business as Resolute Forest Products, manufactures and sells newsprint, commercial printing papers, market pulp, and wood products in the United States. The company has a P/E ratio of 31.9, below the average consumer non-durables industry P/E ratio of 32.4 and above the S&P 500 P/E ratio of 17.7.

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

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