Foster Wheeler Stock Hits New 52-Week Low (FWLT)

NEW YORK ( TheStreet) -- Foster Wheeler (Nasdaq: FWLT) hit a new 52-week low Monday as it is currently trading at $16.34, below its previous 52-week low of $16.40 with 215,578 shares traded as of 10:15 a.m. ET. Average volume has been 1.5 million shares over the past 30 days.

Foster Wheeler has a market cap of $1.85 billion and is part of the industrial goods sector and materials & construction industry. Shares are down 11% year to date as of the close of trading on Friday.

Foster Wheeler AG, through its subsidiaries, operates as an engineering and construction contractor; and power generating equipment supplier worldwide. The company has a P/E ratio of 11.1, equal to the average materials & construction industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Foster Wheeler as a hold. The company's strengths can be seen in multiple areas, such as its increase in net income, largely solid financial position with reasonable debt levels by most measures and notable return on equity. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow, a generally disappointing performance in the stock itself and poor profit margins. You can view the full Foster Wheeler Ratings Report.

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