NEW YORK ( TheStreet) -- Abercrombie & Fitch (NYSE: ANF) hit a new 52-week low Wednesday as it is currently trading at $40.02, below its previous 52-week low of $40.25 with 2.7 million shares traded as of 9:46 a.m. ET. Average volume has been 2.5 million shares over the past 30 days. Abercrombie & Fitch has a market cap of $3.9 billion and is part of the services sector and retail industry. Shares are down 7% year to date as of the close of trading on Tuesday. Abercrombie & Fitch Co., through its subsidiaries, operates as a specialty retailer of casual apparel for men, women, and kids. The company has a P/E ratio of 31.2, below the average retail industry P/E ratio of 32.1 and above the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Abercrombie & Fitch as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, 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 a generally disappointing performance in the stock itself, deteriorating net income and disappointing return on equity. You can view the full Abercrombie & Fitch Ratings Report. See all 52-week low stocks or get investment ideas from our investment research center.