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.

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