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NEW YORK ( TheStreet) -- The Dow Chemical (NYSE: DOW) hit a new 52-week low Tuesday as it is currently trading at $21.01, below its previous 52-week low of $21.50 with 15,749 shares traded as of 9:30 a.m. ET. Average volume has been 12.2 million shares over the past 30 days. The Dow Chemical has a market cap of $26.5 billion and is part of the basic materials sector and chemicals industry. Shares are down 37% year to date as of the close of trading on Monday. The Dow Chemical Company manufactures and supplies products used as raw materials in the production of customer products and services worldwide. The company has a P/E ratio of 10.3, above the average chemicals industry P/E ratio of 10.2 and below the S&P 500 P/E ratio of 17.7.