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NEW YORK ( TheStreet) -- Global Industries (Nasdaq: GLBL) hit a new 52-week low Thursday as it is currently trading at $4.34, below its previous 52-week low of $4.35 with 1.5 million shares traded as of 12:03 p.m. ET. Average volume has been 1.5 million shares over the past 30 days. Global has a market cap of $568.2 million and is part of the basic materials sector and energy industry. Shares are down 31% year to date as of the close of trading on Wednesday. Global Industries, Ltd., together with its subsidiaries, provides construction and subsea services to the offshore oil and gas industry.