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NEW YORK ( TheStreet) -- Ferro (NYSE: FOE) hit a new 52-week low Wednesday as it is currently trading at $5.14, below its previous 52-week low of $5.21 with 48,413 shares traded as of 9:43 a.m. ET. Average volume has been 1.6 million shares over the past 30 days. Ferro has a market cap of $489.1 million and is part of the basic materials sector and chemicals industry. Shares are down 63.9% year to date as of the close of trading on Tuesday. Ferro Corporation, together with its subsidiaries, engages in the production of specialty materials and chemicals for a range of manufacturers worldwide. Its product lines include electronics, color, and glass materials; and polymer and ceramic engineered materials. The company has a P/E ratio of eight, equal to the average chemicals industry P/E ratio and below the S&P 500 P/E ratio of 17.7.