FirstEnergy Stock Hits New 52-Week Low (FE)

NEW YORK ( TheStreet) -- FirstEnergy (NYSE: FE) hit a new 52-week low Friday as it is currently trading at $33.35, below its previous 52-week low of $33.53 with 418,322 shares traded as of 9:50 a.m. ET. Average volume has been 3.9 million shares over the past 30 days.

FirstEnergy has a market cap of $14.2 billion and is part of the utilities sector and utilities industry. Shares are down 19.6% year to date as of the close of trading on Thursday.

FirstEnergy Corp., a diversified energy holding company, engages in the generation, transmission, and distribution of electricity in the United States. The company operates in Regulated Distribution, Regulated Transmission, and Competitive Energy Services segments. The company has a P/E ratio of 141.5, above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates FirstEnergy 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 FirstEnergy Ratings Report.

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