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NEW YORK ( TheStreet) -- Modine Manufacturing Company (NYSE: MOD) hit a new 52-week low Wednesday as it is currently trading at $7.89, below its previous 52-week low of $8.01 with 69,686 shares traded as of 11:29 a.m. ET. Average volume has been 326,500 shares over the past 30 days. Modine has a market cap of $388.8 million and is part of the consumer goods sector and automotive industry. Shares are down 13.6% year to date as of the close of trading on Tuesday. Modine Manufacturing Company engages in the development, manufacture, and marketing of heat exchangers and systems for use in on-highway and off-highway original equipment manufacturer (OEM) vehicular applications, and to various building, industrial, refrigeration, and fuel cell markets. The company has a P/E ratio of 11.1, below the average automotive industry P/E ratio of 12.2 and below the S&P 500 P/E ratio of 17.7.