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NEW YORK ( TheStreet) -- Meritor Inc (NYSE: MTOR) hit a new 52-week low Tuesday as it is currently trading at $6.27, below its previous 52-week low of $6.36 with 37,868 shares traded as of 9:36 a.m. ET. Average volume has been 2.3 million shares over the past 30 days. Meritor has a market cap of $666.8 million and is part of the consumer goods sector and automotive industry. Shares are down 68.7% year to date as of the close of trading on Monday. Meritor, Inc. provides drivetrain mobility and braking solutions for original equipment (OE) manufacturers of trucks, trailers, and specialty vehicles. It operates in three segments: Commercial Truck, Industrial, and Aftermarket & Trailer. The company has a P/E ratio of 41.5, above the average automotive industry P/E ratio of 20.2 and above the S&P 500 P/E ratio of 17.7.