NEW YORK ( TheStreet) -- Modine Manufacturing Company (NYSE: MOD) hit a new 52-week low Thursday as it is currently trading at $8.96, below its previous 52-week low of $9.20 with 13,171 shares traded as of 9:36 a.m. ET. Average volume has been 309,800 shares over the past 30 days. Modine has a market cap of $454.4 million and is part of the consumer goods sector and automotive industry. Shares are down 39.6% year to date as of the close of trading on Wednesday. Modine Manufacturing Company engages in the development, manufacture, and marketing of thermal management products, components, and systems for use in various original equipment manufacturer (OEM) applications, and to various building and other commercial markets. The company has a P/E ratio of 26.4, below the average automotive industry P/E ratio of 27.1 and above the S&P 500 P/E ratio of 17.7.
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