NEW YORK ( TheStreet) -- Tenaris (NYSE: TS) hit a new 52-week low Wednesday as it is currently trading at $28.58, below its previous 52-week low of $28.62 with 1.6 million shares traded as of 12:16 p.m. ET. Average volume has been 2.1 million shares over the past 30 days. Tenaris has a market cap of $17.5 billion and is part of the basic materials sector and metals & mining industry. Shares are down 39.5% year to date as of the close of trading on Tuesday. Tenaris S.A., through its subsidiaries, engages in the manufacture and sale of steel pipe products. The company has a P/E ratio of 15.6, above the average metals & mining industry P/E ratio of 14.3 and below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Tenaris as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and reasonable valuation levels. However, as a counter to these strengths, we find that the stock has had a generally disappointing performance in the past year. You can view the full Tenaris Ratings Report. See all 52-week low stocks or get investment ideas from our investment research center.