Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model. NEW YORK ( TheStreet) -- McDermott International (NYSE: MDR) hit a new 52-week low Wednesday as it is currently trading at $8.99, below its previous 52-week low of $9.04 with 310,479 shares traded as of 9:40 a.m. ET. Average volume has been 3.8 million shares over the past 30 days. McDermott International has a market cap of $2.18 billion and is part of the industrial goods sector and materials & construction industry. Shares are up 17.8% year to date as of the close of trading on Tuesday. McDermott International, Inc. operates as an engineering, procurement, construction, and installation (EPCI) company worldwide. The company operates in three segments: Asia Pacific, Atlantic, and the Middle East. It focuses on designing and executing complex offshore oil and gas projects. The company has a P/E ratio of 16.6, below the S&P 500 P/E ratio of 17.7.
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