NEW YORK (

TheStreet

) --

Mohawk Industries

(NYSE:

MHK

) hit a new 52-week low Thursday as it is currently trading at $40.73, below its previous 52-week low of $41.66 with 8,046 shares traded as of 9:35 a.m. ET. Average volume has been 809,400 shares over the past 30 days.

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

industrial goods

sector and

industrial

industry. Shares are down 24% year to date as of the close of trading on Wednesday.

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Mohawk Industries, Inc., together with its subsidiaries, engages in the production and sale of floor covering products for residential and commercial applications primarily in the United States and Europe. The company operates through three segments: Mohawk, Dal-Tile, and Unilin. The company has a P/E ratio of 16.4, below the average industrial industry P/E ratio of 16.7 and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Mohawk as a

hold

. The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including poor profit margins, weak operating cash flow and a generally disappointing performance in the stock itself. You can view the full

Mohawk Ratings Report

.

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