Best Buy Stock Hits New 52-Week Low (BBY)

NEW YORK ( TheStreet) -- Best Buy (NYSE: BBY) hit a new 52-week low Wednesday as it is currently trading at $17.50, below its previous 52-week low of $17.53 with 3.2 million shares traded as of 12:25 p.m. ET. Average volume has been nine million shares over the past 30 days.

Best Buy has a market cap of $6.35 billion and is part of the services sector and retail industry. Shares are down 20.1% year to date as of the close of trading on Tuesday.

Best Buy Co., Inc. operates as a retailer of consumer electronics, computing and mobile phone products, entertainment products, appliances, and related services primarily in the United States, Europe, Canada, and China.

TheStreet Ratings rates Best Buy as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share and increase in net income. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity, poor profit margins and weak operating cash flow. You can view the full Best Buy Ratings Report.

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