NEW YORK ( TheStreet) -- Martin Marietta Materials (NYSE: MLM) hit a new 52-week low Friday as it is currently trading at $61.40, below its previous 52-week low of $61.55 with 18,617 shares traded as of 9:48 a.m. ET. Average volume has been 540,800 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 32.8% year to date as of the close of trading on Thursday. 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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