NEW YORK ( TheStreet) -- China Valves Technology (Nasdaq: CVVT) hit a new 52-week low Wednesday as it is currently trading at $3.91, below its previous 52-week high of $13.35 with 440,181 shares traded as of 3:56 p.m. ET. Average volume has been 674,100 shares over the past 30 days. China Valves Technology has a market cap of $142.7 million and is part of the industrial goods sector and industrial industry. Shares are down 61.9% year to date as of the close of trading on Tuesday. 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 3.2, equal to the average industrial industry P/E ratio and below the S&P 500 P/E ratio of 16.6.
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