NEW YORK ( TheStreet) -- Titanium Metals Corporation (NYSE: TIE) hit a new 52-week low Thursday as it is currently trading at $15.77, below its previous 52-week low of $16.03 with 302,066 shares traded as of 9:46 a.m. ET. Average volume has been 2.3 million shares over the past 30 days. Titanium has a market cap of $3 billion and is part of the basic materials sector and metals & mining industry. Shares are down 4.8% year to date as of the close of trading on Wednesday. Titanium Metals Corporation produces and sells titanium melted and mill products. The company has a P/E ratio of 54.4, above the average metals & mining industry P/E ratio of 32.4 and above the S&P 500 P/E ratio of 17.7.
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