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NEW YORK ( TheStreet) -- Great Lakes Dredge & Dock Corporation (Nasdaq: GLDD) hit a new 52-week low Thursday as it is currently trading at $4.19, below its previous 52-week low of $4.23 with 346,425 shares traded as of 1:10 p.m. ET. Average volume has been 557,400 shares over the past 30 days. Great Lakes Dredge & Dock has a market cap of $262.8 million and is part of the industrial goods sector and materials & construction industry. Shares are down 42.3% year to date as of the close of trading on Wednesday. Great Lakes Dredge & Dock Corporation engages in the business of marine construction, primarily dredging, and commercial and industrial demolition principally in the east, west, and Gulf Coasts of the United States. It operates in two segments, Dredging and Demolition. The company has a P/E ratio of 13.9, equal to the average materials & construction industry P/E ratio and below the S&P 500 P/E ratio of 17.7.