NEW YORK ( TheStreet) -- Layne Christensen Company (Nasdaq: LAYN) hit a new 52-week low Wednesday as it is currently trading at $18.88, below its previous 52-week low of $18.89 with 7,525 shares traded as of 9:48 a.m. ET. Average volume has been 210,900 shares over the past 30 days. Layne Christensen has a market cap of $380.8 million and is part of the industrial goods sector and materials & construction industry. Shares are down 21.3% year to date as of the close of trading on Tuesday. Layne Christensen Company provides drilling, water treatment, and construction services, and related products to water infrastructure and mineral exploration markets.
TheStreet Ratings rates Layne Christensen as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and poor profit margins. You can view the full Layne Christensen Ratings Report. See all 52-week low stocks or get investment ideas from our investment research center.