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NEW YORK ( TheStreet) -- OfficeMax Inc (NYSE: OMX) hit a new 52-week low Wednesday as it is currently trading at $4.94, below its previous 52-week low of $5.02 with 1.8 million shares traded as of 3:56 p.m. ET. Average volume has been 2.8 million shares over the past 30 days. OfficeMax has a market cap of $465.3 million and is part of the services sector and specialty retail industry. Shares are down 70.2% year to date as of the close of trading on Tuesday. OfficeMax Incorporated, together with its subsidiaries, distributes business-to-business and retail office products. The company has a P/E ratio of 11.8, equal to the average specialty retail industry P/E ratio and below the S&P 500 P/E ratio of 17.7.