E*Trade Financial Stock Hits New 52-Week Low (ETFC)

NEW YORK ( TheStreet) -- E*Trade Financial (Nasdaq: ETFC) hit a new 52-week low Thursday as it is currently trading at $7.41, below its previous 52-week low of $7.42 with 3.2 million shares traded as of 2:25 p.m. ET. Average volume has been 4.9 million shares over the past 30 days.

E*Trade Financial has a market cap of $2.14 billion and is part of the financial sector and financial services industry. Shares are down 5.8% year to date as of the close of trading on Wednesday.

E*TRADE Financial Corporation, a financial services company, provides online brokerage and related products and services primarily to individual retail investors under the E*TRADE Financial brand in the United States. The company has a P/E ratio of 12.5, equal to the average financial services industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates E*Trade Financial as a hold. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, attractive valuation levels and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow and a generally disappointing performance in the stock itself. You can view the full E*Trade Financial Ratings Report.

See all 52-week low stocks or get investment ideas from our investment research center.

If you liked this article you might like

Your Face Holds the Key to Apple Pay on the iPhone X

Massachusetts Opens Inquiry Into 7 Brokerage Firms

Apple's iPhone Sparked Monumental Changes in How We Trade Stocks