NEW YORK ( TheStreet) -- Kaydon Corporation (NYSE: KDN) hit a new 52-week low Thursday as it is currently trading at $22.14, below its previous 52-week low of $22.23 with 23,056 shares traded as of 10:45 a.m. ET. Average volume has been 375,700 shares over the past 30 days. Kaydon has a market cap of $735.7 million and is part of the industrial goods sector and industrial industry. Shares are down 26% year to date as of the close of trading on Wednesday. Kaydon Corporation engages in the design, manufacture, and sale of custom engineered, performance-critical products in the United States, Germany, and internationally. The company has a P/E ratio of 14.9, equal to the average industrial industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Kaydon as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and growth in earnings per share. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and weak operating cash flow. You can view the full Kaydon Ratings Report. See all 52-week low stocks or get investment ideas from our investment research center.