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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