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NEW YORK ( TheStreet) -- Sealed Air Corporation (NYSE: SEE) hit a new 52-week low Monday as it is currently trading at $16.11, below its previous 52-week low of $16.20 with 933,218 shares traded as of 1:05 p.m. ET. Average volume has been 2.3 million shares over the past 30 days. Sealed Air has a market cap of $2.8 billion and is part of the consumer goods sector and consumer non-durables industry. Shares are down 34.4% year to date as of the close of trading on Friday. Sealed Air Corporation, through its subsidiaries, manufactures and sells packaging and performance-based materials and equipment systems worldwide. The company has a P/E ratio of 12.3, equal to the average consumer non-durables industry P/E ratio and below the S&P 500 P/E ratio of 17.7.