ING Groep N.V Stock Hits New 52-Week Low (ING)

NEW YORK ( TheStreet) -- ING Groep N.V (NYSE: ING) hit a new 52-week low Thursday as it is currently trading at $5.71, below its previous 52-week low of $5.72 with 667,698 shares traded as of 10:15 a.m. ET. Average volume has been 4.5 million shares over the past 30 days.

ING Groep N.V has a market cap of $23.18 billion and is part of the financial sector and insurance industry. Shares are down 15.6% year to date as of the close of trading on Wednesday.

ING Groep N.V., a financial services company, provides banking, investment, life insurance, and retirement services for individuals, families, small businesses, corporations, institutions, and governments worldwide. The company has a P/E ratio of 5.4, above the average insurance industry P/E ratio of 5.1 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates ING Groep N.V as a sell. The company's weaknesses can be seen in multiple areas, such as its unimpressive growth in net income, generally weak debt management, poor profit margins and generally disappointing historical performance in the stock itself. You can view the full ING Groep N.V Ratings Report.

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