Best Buy (NYSE:BBY) hit a new 52-week low Thursday as it is currently trading at $15.75, below its previous 52-week low of $16.25 with 3.4 million shares traded as of 10 a.m. ET. Average volume has been 7.9 million shares over the past 30 days.
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) -- Best Buy (NYSE: BBY) hit a new 52-week low Thursday as it is currently trading at $15.75, below its previous 52-week low of $16.25 with 3.4 million shares traded as of 10 a.m. ET. Average volume has been 7.9 million shares over the past 30 days. Best Buy has a market cap of $5.68 billion and is part of the services sector and retail industry. Shares are down 27.6% year to date as of the close of trading on Wednesday. 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.
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TheStreet Ratings rates Best Buy as a hold. The company's strongest point has been its a solid financial position based on a variety of debt and liquidity measures that we have looked at. At the same time, however, we also find weaknesses including deteriorating net income, disappointing return on equity and poor profit margins. You can view the full Best Buy Ratings Report. See all 52-week low stocks or get investment ideas from our investment research center. FREE from Real Money's Jim Cramer: Winners and Losers Election 2012 - Steps to take NOW so you can profit no matter who is in charge! Free download now.