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NEW YORK ( TheStreet) -- Hospira (NYSE: HSP) hit a new 52-week low Wednesday as it is currently trading at $29.06, below its previous 52-week low of $34.18 with 1.1 million shares traded as of 10 a.m. ET. Average volume has been 1.5 million shares over the past 30 days. Hospira has a market cap of $6.2 billion and is part of the health care sector and drugs industry. Shares are down 47% year to date as of the close of trading on Tuesday. Hospira, Inc., a specialty pharmaceutical and medication delivery company, that develops, manufactures, and markets products that help improve the safety and productivity of patient care. The company has a P/E ratio of 17.5, above the average drugs industry P/E ratio of 14.9 and below the S&P 500 P/E ratio of 17.7.