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NEW YORK ( TheStreet) -- Reliance Steel and Aluminum (NYSE: RS) hit a new 52-week low Monday as it is currently trading at $32.69, below its previous 52-week low of $32.75 with 302,788 shares traded as of one p.m. ET. Average volume has been 794,900 shares over the past 30 days. Reliance Steel and Aluminum has a market cap of $2.6 billion and is part of the industrial goods sector and industrial industry. Shares are down 33.4% year to date as of the close of trading on Friday. Reliance Steel & Aluminum Co. operates metals service centers. The company has a P/E ratio of 9.5, equal to the average industrial industry P/E ratio and below the S&P 500 P/E ratio of 17.7.