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NEW YORK ( TheStreet) -- OM Group (NYSE: OMG) hit a new 52-week low Thursday as it is currently trading at $23.66, below its previous 52-week low of $23.67 with 104,279 shares traded as of 12:25 p.m. ET. Average volume has been 311,600 shares over the past 30 days. OM Group has a market cap of $811.3 million and is part of the basic materials sector and chemicals industry. Shares are down 34.8% year to date as of the close of trading on Wednesday. OM Group, Inc. develops, produces, and markets specialty chemicals, advanced materials, and electrochemical energy storage products worldwide. The company operates in three segments: Advanced Materials, Specialty Chemicals, and Battery Technologies. The company has a P/E ratio of 71.7, above the average chemicals industry P/E ratio of 61.2 and above the S&P 500 P/E ratio of 17.7.