TRI hits new 52-week low in New York

The stock closed at $28.90 in New York and C$28.59 in Toronto on Tuesday.

US financial blog The Street said the shares were down 19.8 per cent year to date as of the close of trading on Friday.

The Street Ratings recently downgraded Thomson Reuters to hold from buy. It cited strengths in multiple areas, such as compelling growth in net income, revenue growth and impressive record of earnings per share growth. “However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, generally poor debt management and poor profit margins.” ■