TheStreet reports that the Goldman Sachs Group Inc (NYSE:GS) hit a new 52-week low Friday as it is currently trading at $103.03, below its previous 52-week low of $103.16 with 4.1 million shares traded as of 11:56 a.m. ET. Average volume has been 7.5 million shares over the past 30 days.
Goldman has a market cap of $54.8 billion and is part of the financial sector and financial services industry. Shares are down 37.7% year to date as of the close of trading on Thursday. The company has a P/E ratio of 10.7, equal to the average financial services industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates The Goldman Sachs Group as a hold. The company's strengths can be seen in multiple areas, such as its increase in net income, attractive valuation levels and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including generally poor debt management, disappointing return on equity and a generally disappointing performance in the stock itself…
Read all about it at http://www.thestreet.com/story/11244197/1/the-goldman-sachs-group-stock-hits-new-52-week-low-gs.html
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