NEW YORK ( TheStreet) -- Owens Corning Incorporated (NYSE: OC) hit a new 52-week low Monday as it is currently trading at $21.27, below its previous 52-week low of $21.57 with 25,319 shares traded as of 9:35 a.m. ET. Average volume has been 1.9 million shares over the past 30 days.

Owens Corning has a market cap of $2.8 billion and is part of the industrial goods sector and materials & construction industry. Shares are down 30.4% year to date as of the close of trading on Friday.

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 48.9, below the average materials & construction industry P/E ratio of 50 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 and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and weak operating cash flow. You can view the full Owens Corning Ratings Report.

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