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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