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NEW YORK ( TheStreet) -- Martin Marietta Materials (NYSE: MLM) hit a new 52-week low Monday as it is currently trading at $60.60, below its previous 52-week low of $60.80 with 312,036 shares traded as of 1:40 p.m. ET. Average volume has been 639,300 shares over the past 30 days. Martin Marietta has a market cap of $3 billion and is part of the industrial goods sector and materials & construction industry. Shares are down 31.5% year to date as of the close of trading on Friday. Martin Marietta Materials, Inc., together with its subsidiaries, engages in the production and sale of aggregates for the construction industry primarily in the United States, Canada, the Bahamas, and the Caribbean Islands. The company has a P/E ratio of 35.8, equal to the average materials & construction industry P/E ratio and above the S&P 500 P/E ratio of 17.7.