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NEW YORK ( TheStreet) -- AbitibiBowater (NYSE: ABH) hit a new 52-week low Wednesday as it is currently trading at $13.15, below its previous 52-week low of $13.26 with 6,935 shares traded as of 9:35 a.m. ET. Average volume has been 312,800 shares over the past 30 days. AbitibiBowater has a market cap of $1.32 billion and is part of the consumer goods sector and consumer non-durables industry. Shares are down 8.5% year to date as of the close of trading on Tuesday. AbitibiBowater, Inc., doing business as Resolute Forest Products, manufactures and sells newsprint, commercial printing papers, market pulp, and wood products in the United States. The company has a P/E ratio of 31.9, below the average consumer non-durables industry P/E ratio of 32.4 and above the S&P 500 P/E ratio of 17.7.