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

NEW YORK ( TheStreet) -- Best Buy (NYSE: BBY) hit a new 52-week low Friday as it is currently trading at $21.06, below its previous 52-week low of $21.13 with 1.9 million shares traded as of 11:35 a.m. ET. Average volume has been 7.4 million shares over the past 30 days.

Best Buy has a market cap of $7.56 billion and is part of the services sector and retail industry. Shares are down 7.6% year to date as of the close of trading on Thursday.

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.

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