NEW YORK ( TheStreet) -- Corning Inc (NYSE: GLW) hit a new 52-week low Monday as it is currently trading at $11.89, below its previous 52-week low of $11.90 with 7.4 million shares traded as of 11:06 a.m. ET. Average volume has been 20.9 million shares over the past 30 days.

Corning has a market cap of $19.9 billion and is part of the technology sector and electronics industry. Shares are down 36% year to date as of the close of trading on Friday.

Corning Incorporated manufactures and processes specialty glass and ceramics products worldwide. It operates in five segments: Display Technologies, Telecommunications, Environmental Technologies, Specialty Materials, and Life Sciences. The company has a P/E ratio of six, equal to the average electronics industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Corning as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, weak operating cash flow and feeble growth in the company's earnings per share. You can view the full Corning Ratings Report.

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