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NEW YORK ( TheStreet) -- Braskem (NYSE: BAK) hit a new 52-week low Thursday as it is currently trading at $16.41, below its previous 52-week low of $16.72 with 51,528 shares traded as of 9:40 a.m. ET. Average volume has been 503,300 shares over the past 30 days. Braskem has a market cap of $7.4 billion and is part of the basic materials sector and chemicals industry. Shares are down 30.2% year to date as of the close of trading on Wednesday. Braskem S.A. produces and sells petrochemical products in Brazil and the United States. The company has a P/E ratio of 11.1, above the average chemicals industry P/E ratio of 4.8 and below the S&P 500 P/E ratio of 17.7.