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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) -- AK Steel Holding Corporation (NYSE: AKS) hit a new 52-week low Wednesday as it is currently trading at $4.36, below its previous 52-week low of $4.39 with 3.5 million shares traded as of 10:35 a.m. ET. Average volume has been 7.8 million shares over the past 30 days. AK Steel Holding has a market cap of $604 million and is part of the basic materials sector and metals & mining industry. Shares are down 33.9% year to date as of the close of trading on Tuesday. AK Steel Holding Corporation, through its subsidiaries, produces flat-rolled carbon, stainless and electrical steels, and tubular products in the United States and internationally. The company has a P/E ratio of -0.6, below the S&P 500 P/E ratio of 17.7.