Layne Christensen Stock Hits New 52-Week Low (LAYN)

NEW YORK ( TheStreet) -- Layne Christensen Company (Nasdaq: LAYN) hit a new 52-week low Friday as it is currently trading at $18.46, below its previous 52-week low of $18.52 with 43,741 shares traded as of 9:53 a.m. ET. Average volume has been 198,500 shares over the past 30 days.

Layne Christensen has a market cap of $377.1 million and is part of the industrial goods sector and materials & construction industry. Shares are down 22.5% year to date as of the close of trading on Thursday.

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 sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, poor profit margins, weak operating cash flow and generally disappointing historical performance in the stock itself. You can view the full Layne Christensen Ratings Report.

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