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

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 Friday as it is currently trading at $14.30, below its previous 52-week low of $14.38 with 2.8 million shares traded as of 11 a.m. ET. Average volume has been 6.9 million shares over the past 30 days.

Best Buy has a market cap of $5.16 billion and is part of the services sector and retail industry. Shares are down 34.7% year to date as of the close of trading on Thursday.

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. The company has a P/E ratio of -5.3, below the S&P 500 P/E ratio of 17.7.

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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.

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