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) -- Pitney Bowes (NYSE: PBI) hit a new 52-week low Wednesday as it is currently trading at $10.76, below its previous 52-week low of $10.79 with 972,911 shares traded as of 9:45 a.m. ET. Average volume has been 3.9 million shares over the past 30 days. Pitney Bowes has a market cap of $2.34 billion and is part of the consumer goods sector and consumer durables industry. Shares are down 37.2% year to date as of the close of trading on Tuesday. Pitney Bowes Inc. provides software, hardware, and services to enable physical and digital communications. It also offers a suite of equipment, supplies, software, services, and solutions for managing and integrating physical and digital communication channels. The company has a P/E ratio of 6.4, below the S&P 500 P/E ratio of 17.7.
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