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NEW YORK ( TheStreet) -- Foster Wheeler (Nasdaq: FWLT) hit a new 52-week low Monday as it is currently trading at $16.34, below its previous 52-week low of $16.40 with 215,578 shares traded as of 10:15 a.m. ET. Average volume has been 1.5 million shares over the past 30 days. Foster Wheeler has a market cap of $1.85 billion and is part of the industrial goods sector and materials & construction industry. Shares are down 11% year to date as of the close of trading on Friday. Foster Wheeler AG, through its subsidiaries, operates as an engineering and construction contractor; and power generating equipment supplier worldwide. The company has a P/E ratio of 11.1, equal to the average materials & construction industry P/E ratio and below the S&P 500 P/E ratio of 17.7.