NEW YORK ( TheStreet) -- Owens Corning Incorporated (NYSE: OC) hit a new 52-week low Wednesday as it is currently trading at $23.82, below its previous 52-week low of $23.91 with 1.2 million shares traded as of 2:40 p.m. ET. Average volume has been 1.9 million shares over the past 30 days.

Owens Corning has a market cap of $3.2 billion and is part of the industrial goods sector and materials & construction industry. Shares are down 15.5% year to date as of the close of trading on Tuesday.

Owens Corning, through its subsidiaries, provides composite and building materials systems worldwide. It operates in two segments, Composites and Building Materials. The company has a P/E ratio of 57.2, below the average materials & construction industry P/E ratio of 58.5 and above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Owens Corning as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and increase in stock price during the past year. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, weak operating cash flow and poor profit margins. You can view the full Owens Corning Ratings Report.

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