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NEW YORK ( TheStreet) -- Flowserve Corporation (NYSE: FLS) hit a new 52-week low Monday as it is currently trading at $72.87, below its previous 52-week low of $72.88 with 376,599 shares traded as of 12:35 p.m. ET. Average volume has been 782,000 shares over the past 30 days. Flowserve has a market cap of $4.4 billion and is part of the industrial goods sector and industrial industry. Shares are down 37.9% year to date as of the close of trading on Friday. Flowserve Corporation develops, manufactures, and sells precision engineered flow control equipment. The company operates in three segments: FSG Engineered Product Division, FSG Industrial Product Division, and Flow Control Division segments. The company has a P/E ratio of 10.7, equal to the average industrial industry P/E ratio and below the S&P 500 P/E ratio of 17.7.