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NEW YORK ( TheStreet) -- Foster Wheeler (Nasdaq: FWLT) hit a new 52-week low Monday as it is currently trading at $16.99, below its previous 52-week low of $17 with 1.5 million shares traded as of 2:50 p.m. ET. Average volume has been 2.2 million shares over the past 30 days. Foster Wheeler has a market cap of $2.2 billion and is part of the industrial goods sector and materials & construction industry. Shares are down 48.5% year to date as of the close of trading on Friday. Foster Wheeler AG provides construction and engineering services to oil and gas, oil refining, chemical/petrochemical, pharmaceutical, environmental, power generation, and power plant operation and maintenance industries worldwide. The company has a P/E ratio of 13.7, equal to the average materials & construction industry P/E ratio and below the S&P 500 P/E ratio of 17.7.