NEW YORK ( TheStreet) -- Avery Dennison (NYSE: AVY) hit a new 52-week low Monday as it is currently trading at $24.80, below its previous 52-week low of $24.84 with 37,335 shares traded as of 9:39 a.m. ET. Average volume has been 1.6 million shares over the past 30 days.

Avery Dennison has a market cap of $2.8 billion and is part of the industrial goods sector and industrial industry. Shares are down 40.8% year to date as of the close of trading on Friday.

Avery Dennison Corporation engages in the manufacture and sale of pressure-sensitive materials; office and consumer products; and various tickets, tags, labels, and other converted products worldwide. The company has a P/E ratio of 9.5, equal to the average industrial industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Avery Dennison as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels and notable return on equity. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, poor profit margins and weak operating cash flow. You can view the full Avery Dennison Ratings Report.

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