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NEW YORK ( TheStreet) -- Gafisa (NYSE: GFA) hit a new 52-week low Thursday as it is currently trading at $2.39, below its previous 52-week low of $2.40 with 334,989 shares traded as of 10:05 a.m. ET. Average volume has been 2.9 million shares over the past 30 days. Gafisa has a market cap of $574.7 million and is part of the industrial goods sector and materials & construction industry. Shares are down 42.2% year to date as of the close of trading on Wednesday. Gafisa S.A. operates as a homebuilder in Brazil. The company has a P/E ratio of 153.2, above the S&P 500 P/E ratio of 17.7.