NEW YORK ( TheStreet) -- Yongye International (Nasdaq: YONG) hit a new 52-week low Wednesday as it is currently trading at $4.38, below its previous 52-week high of $9.49 with one million shares traded as of 12:17 p.m. ET. Average volume has been 1.1 million shares over the past 30 days. Yongye International has a market cap of $230.6 million and is part of the basic materials sector and chemicals industry. Shares are down 45.5% year to date as of the close of trading on Tuesday. Yongye International, Inc., together with its subsidiaries, engages in the research and development, manufacturing, and distribution of fulvic acid based liquid and powder nutrient compounds for plant and animal feed used in the agriculture industry in the People's Republic of China. The company has a P/E ratio of 4.2, equal to the average chemicals industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
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