NEW YORK (

TheStreet

) --

Martin Marietta Materials

(NYSE:

MLM

) hit a new 52-week low Friday as it is currently trading at $61.40, below its previous 52-week low of $61.55 with 18,617 shares traded as of 9:48 a.m. ET. Average volume has been 540,800 shares over the past 30 days.

Martin Marietta has a market cap of $3.1 billion and is part of the

industrial goods

sector and

materials & construction

industry. Shares are down 32.8% year to date as of the close of trading on Thursday.

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Martin Marietta Materials, Inc. engages in the production and sale of aggregates for the construction industry in the United States, Canada, the Bahamas, and the Caribbean Islands. The company has a P/E ratio of 36.4, equal to the average materials & construction industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Martin Marietta as a

hold

. Among the primary strengths of the company is its solid financial position based on a variety of debt and liquidity measures that we have evaluated. At the same time, however, we also find weaknesses including a generally disappointing performance in the stock itself, premium valuation and poor profit margins. You can view the full

Martin Marietta Ratings Report

.

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