NEW YORK ( TheStreet) -- Covanta Holding Corporation (NYSE: CVA) hit a new 52-week low Monday as it is currently trading at $13.22, below its previous 52-week low of $13.25 with 81,385 shares traded as of 9:59 a.m. ET. Average volume has been 1.3 million shares over the past 30 days. Covanta Holding has a market cap of $1.84 billion and is part of the industrial goods sector and materials & construction industry. Shares are down 22.6% year to date as of the close of trading on Friday. Covanta Holding Corporation, through its subsidiaries, provides waste and energy services in the Americas, Europe, and Asia. It owns and operates infrastructure for the conversion of waste to energy. The company has a P/E ratio of 27.8, above the average materials & construction industry P/E ratio of nine and above the S&P 500 P/E ratio of 17.7.
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