NEW YORK ( TheStreet) -- Otter Tail Corporation (Nasdaq: OTTR) hit a new 52-week low Thursday as it is currently trading at $18.62, below its previous 52-week low of $18.70 with 161,125 shares traded as of 1:46 p.m. ET. Average volume has been 156,200 shares over the past 30 days. Otter Tail has a market cap of $701.4 million and is part of the utilities sector and utilities industry. Shares are down 13.7% year to date as of the close of trading on Wednesday. Otter Tail Corporation engages in electric and nonelectric operations in the United States and internationally. It operates in six segments: Electric, Plastics, Manufacturing, Health Services, Food Ingredient Processing, and Other Business Operations. The company has a P/E ratio of 31.4, above the average utilities industry P/E ratio of 22.4 and above the S&P 500 P/E ratio of 17.7.
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