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NEW YORK ( TheStreet) -- Meritor Inc (NYSE: MTOR) hit a new 52-week low Thursday as it is currently trading at $5.97, below its previous 52-week low of $6 with 1.8 million shares traded as of 11:51 a.m. ET. Average volume has been 2.4 million shares over the past 30 days. Meritor has a market cap of $619.6 million and is part of the consumer goods sector and automotive industry. Shares are down 69.7% year to date as of the close of trading on Wednesday. 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 7.7, below the average automotive industry P/E ratio of 18.7 and below the S&P 500 P/E ratio of 17.7.