NEW YORK ( TheStreet) -- Martin Marietta Materials (NYSE: MLM) hit a new 52-week low Wednesday as it is currently trading at $62.49, below its previous 52-week low of $62.63 with 1.2 million shares traded as of four p.m. ET. Average volume has been 472,000 shares over the past 30 days.

Martin Marietta has a market cap of $3.1 billion and is part of the industrial goods sector and materials & construction industry. Shares are down 27.8% year to date as of the close of trading on Tuesday.

Martin Marietta Materials, Inc. engages in the production and sale of aggregates for the construction industry in the United States, Canada, the Bahamas, and the Caribbean Islands. The company has a P/E ratio of 36.4, equal to the average materials & construction industry P/E ratio and above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Martin Marietta as a hold. Among the primary strengths of the company is its solid financial position based on a variety of debt and liquidity measures that we have evaluated. At the same time, however, we also find weaknesses including a generally disappointing performance in the stock itself, premium valuation and poor profit margins. You can view the full Martin Marietta Ratings Report.

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