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NEW YORK ( TheStreet) -- American Axle & Mfg Holdings (NYSE: AXL) hit a new 52-week low Thursday as it is currently trading at $7.09, below its previous 52-week low of $7.42 with 125,087 shares traded as of 9:35 a.m. ET. Average volume has been 2.6 million shares over the past 30 days. American Axle & Mfg has a market cap of $607.2 million and is part of the consumer goods sector and automotive industry. Shares are down 42% year to date as of the close of trading on Wednesday. American Axle & Manufacturing Holdings, Inc., together with its subsidiaries, engages in the manufacture, engineering, design, and validation of driveline and drivetrain systems, and related components and chassis modules for automotive industry in the United States. The company has a P/E ratio of 3.8, equal to the average automotive industry P/E ratio and below the S&P 500 P/E ratio of 17.7.