NEW YORK ( TheStreet) -- Layne Christensen Company (Nasdaq: LAYN) hit a new 52-week low Friday as it is currently trading at $20.15, below its previous 52-week low of $20.54 with 47,312 shares traded as of 9:35 a.m. ET. Average volume has been 121,000 shares over the past 30 days. Layne Christensen has a market cap of $471.4 million and is part of the industrial goods sector and materials & construction industry. Shares are down 7.3% year to date as of the close of trading on Thursday. Layne Christensen Company provides drilling, water treatment, and construction services, and related products to water infrastructure and mineral exploration markets. The company has a P/E ratio of 10.9, below the average materials & construction industry P/E ratio of 11.4 and below the S&P 500 P/E ratio of 17.7.
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