Intrepid Potash Stock Hits New 52-Week Low (IPI)

NEW YORK ( TheStreet) -- Intrepid Potash (NYSE: IPI) hit a new 52-week low Monday as it is currently trading at $18.46, below its previous 52-week low of $18.49 with 199,418 shares traded as of 12:33 p.m. ET. Average volume has been 688,200 shares over the past 30 days.

Intrepid Potash has a market cap of $1.48 billion and is part of the basic materials sector and chemicals industry. Shares are down 16.3% year to date as of the close of trading on Friday.

Intrepid Potash, Inc. produces and markets muriate of potash and langbeinite under the Trio brand name primarily in the United States. The company has a P/E ratio of 14.5, equal to the average chemicals industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Intrepid Potash as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, unimpressive growth in net income and feeble growth in the company's earnings per share. You can view the full Intrepid Potash Ratings Report.

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