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NEW YORK ( TheStreet) -- Advanced Battery Technologies (Nasdaq: ABAT) hit a new 52-week low Thursday as it is currently trading at $1.49, below its previous 52-week high of $4.35 with 288,190 shares traded as of 9:41 a.m. ET. Average volume has been 2.4 million shares over the past 30 days. Advanced Battery has a market cap of $129.9 million and is part of the industrial goods sector and industrial industry. Shares are down 59.2% year to date as of the close of trading on Wednesday. Advanced Battery Technologies, Inc., through its subsidiaries, engages in the design, manufacture, and marketing of rechargeable polymer lithium-ion (PLI) batteries in the United States, Europe, and Asia. The company has a P/E ratio of 3.5, equal to the average industrial industry P/E ratio and below the S&P 500 P/E ratio of 17.