NEW YORK (

TheStreet

) --

McDermott International Inc

(NYSE:

MDR

) hit a new 52-week low Monday as it is currently trading at $11.71, below its previous 52-week low of $11.79 with 963,812 shares traded as of 11:52 a.m. ET. Average volume has been 3.8 million shares over the past 30 days.

McDermott International has a market cap of $3 billion and is part of the

industrial goods

sector and

materials & construction

industry. Shares are up 17.8% year to date as of the close of trading on Friday.

McDermott International, Inc. operates as an engineering, procurement, construction, and installation company worldwide. The company focuses on designing and executing complex offshore oil and gas projects. The company has a P/E ratio of 16.6, above the average materials & construction industry P/E ratio of 14.8 and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates McDermott International as a

hold

. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and notable return on equity. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, poor profit margins and weak operating cash flow. You can view the full

McDermott International Ratings Report

.

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