NEW YORK ( TheStreet) -- Tenaris (NYSE: TS) hit a new 52-week low Friday as it is currently trading at $25.05, below its previous 52-week low of $25.06 with 66,971 shares traded as of 9:41 a.m. ET. Average volume has been 2.4 million shares over the past 30 days. Tenaris has a market cap of $15.1 billion and is part of the basic materials sector and metals & mining industry. Shares are down 47.8% year to date as of the close of trading on Thursday. Tenaris S.A., through its subsidiaries, engages in the manufacture and sale of steel pipe products. The company has a P/E ratio of 13.4, above the average metals & mining industry P/E ratio of 12.3 and below the S&P 500 P/E ratio of 17.7.
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