NEW YORK ( TheStreet) -- Advanced Battery Technologies (Nasdaq: ABAT) hit a new 52-week low Friday as it is currently trading at $1.15, below its previous 52-week low of $1.16 with 911,900 shares traded as of 3:40 p.m. ET. Average volume has been 2.8 million shares over the past 30 days. Advanced Battery has a market cap of $88.9 million and is part of the industrial goods sector and industrial industry. Shares are down 69.1% year to date as of the close of trading on Thursday. Advanced Battery Technologies, Inc., through its subsidiaries, engages in the design, manufacture, and marketing of rechargeable polymer lithium-ion (PLI) batteries. The company operates in two segments, Batteries and Electric Vehicles. The company has a P/E ratio of two, equal to the average industrial industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
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