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NEW YORK ( TheStreet) -- Albany International Corporation (NYSE: AIN) hit a new 52-week low Monday as it is currently trading at $17.19, below its previous 52-week low of $17.26 with 85,698 shares traded as of 1:55 p.m. ET. Average volume has been 231,300 shares over the past 30 days. Albany International has a market cap of $539.3 million and is part of the industrial goods sector and industrial industry. Shares are down 23% year to date as of the close of trading on Friday. Albany International Corp. manufactures and sells paper machine clothing and industrial doors worldwide. It operates in five segments: Paper Machine Clothing, Albany Door Systems, Engineered Fabrics, Engineered Composites, and PrimaLoft Products. The company has a P/E ratio of 12.1, equal to the average industrial industry P/E ratio and below the S&P 500 P/E ratio of 17.7.