Molycorp Stock Hits New 52-Week Low (MCP)

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) -- Molycorp (NYSE: MCP) hit a new 52-week low Wednesday as it is currently trading at $9.34, below its previous 52-week low of $9.40 with 978,509 shares traded as of 9:51 a.m. ET. Average volume has been 7.9 million shares over the past 30 days.

Molycorp has a market cap of $1.08 billion and is part of the basic materials sector and metals & mining industry. Shares are down 59.3% year to date as of the close of trading on Tuesday.

Molycorp, Inc., a development stage company, engages in the production and sale of rare earth oxides in the western hemisphere. The company has a P/E ratio of -195.4, below the S&P 500 P/E ratio of 17.7.

  • EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.

TheStreet Ratings rates Molycorp as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, poor profit margins, weak operating cash flow and generally disappointing historical performance in the stock itself. You can view the full Molycorp Ratings Report.

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

FREE for a limited time only: Get TheStreet Ratings #1 Stock Report NOW!.
null

If you liked this article you might like

Molycorp (MCP) Stock Sinking on Expectation of Loan Payment Miss

How to Trade the Market's Most-Active Stocks

Molycorp (MCP) Stock Continues to Gain Following Wednesday’s Siemens Supply Deal

Today's Pre-Market Mover With Heavy Volume: Molycorp (MCP)

Molycorp (MCP): Today's Weak On High Volume Stock