NEW YORK ( TheStreet) -- AAR (NYSE: AIR) hit a new 52-week low Friday as it is currently trading at $10.96, below its previous 52-week low of $11.07 with 505,549 shares traded as of 10:24 a.m. ET. Average volume has been 434,400 shares over the past 30 days. AAR has a market cap of $471.8 million and is part of the industrial goods sector and aerospace/defense industry. Shares are down 41.3% year to date as of the close of trading on Thursday. AAR CORP. provides products and services to aviation, government, and defense markets worldwide. The company's Aviation Supply Chain segment purchases and sells new, overhauled, and repaired engine and airframe parts and components. The company has a P/E ratio of 6.1, below the average aerospace/defense industry P/E ratio of 6.3 and below the S&P 500 P/E ratio of 17.7.
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