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.
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TheStreet Ratings rates Flowserve as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and growth in earnings per share. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow, a generally disappointing performance in the stock itself and disappointing return on equity. You can view the full Flowserve Ratings Report. See all 52-week low stocks or get investment ideas from our investment research center.