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NEW YORK ( TheStreet) -- China Valves Technology (Nasdaq: CVVT) hit a new 52-week low Tuesday as it traded at $4.39 compared with its previous 52-Week low of $4.71. China Valves Technology is changing hands at $4.40 with 692,288 shares traded as of 11:16 a.m. ET. Average volume has been 696,200 shares over the past 30 days. China Valves Technology has a market cap of $182.2 million and is part of the industrial goods sector and industrial industry. Shares are down 53% year to date as of the close of trading on Monday. China Valves Technology, Inc., through its subsidiaries, engages in developing, manufacturing, and selling low, medium, and high-pressure metal valves for customers in the electricity, petroleum, chemical, water, gas, nuclear power station, and metal industries in China. The company has a P/E ratio of 4.2, above the average industrial industry P/E ratio of 3.4 and below the S&P 500 P/E ratio of 15.8.