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NEW YORK ( TheStreet) -- Allegheny Technologies Inc (NYSE: ATI) hit a new 52-week low Monday as it is currently trading at $35.54, below its previous 52-week low of $35.91 with 1.1 million shares traded as of 1:05 p.m. ET. Average volume has been 2.8 million shares over the past 30 days. Allegheny has a market cap of $4.1 billion and is part of the industrial goods sector and industrial industry. Shares are down 33% year to date as of the close of trading on Friday. Allegheny Technologies Incorporated engages in the production and sale of specialty metals worldwide. It operates through three segments: High Performance Metals, Flat-Rolled Products, and Engineered Products. The company has a P/E ratio of 29.6, below the average industrial industry P/E ratio of 29.8 and above the S&P 500 P/E ratio of 17.7.