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Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model NEW YORK ( TheStreet) -- Staples (Nasdaq: SPLS) hit a new 52-week low Thursday as it is currently trading at $10.98, below its previous 52-week low of $10.99 with 6.6 million shares traded as of 1:20 p.m. ET. Average volume has been 11.2 million shares over the past 30 days. Staples has a market cap of $9.19 billion and is part of the services sector and specialty retail industry. Shares are down 19.3% year to date as of the close of trading on Wednesday. Staples, Inc., together with its subsidiaries, operates as an office products company. The company offers various office supplies and services, office machines and related products, computers and related products, and office furniture under Staples, Quill, and other proprietary brands. The company has a P/E ratio of 8.5, below the average specialty retail industry P/E ratio of 9.5 and below the S&P 500 P/E ratio of 17.7.