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NEW YORK ( TheStreet) -- Hospira (NYSE: HSP) hit a new 52-week low Tuesday as it is currently trading at $27.55, below its previous 52-week low of $28.04 with five million shares traded as of 3:40 p.m. ET. Average volume has been 2.2 million shares over the past 30 days. Hospira has a market cap of $4.95 billion and is part of the health care sector and drugs industry. Shares are down 44.4% year to date as of the close of trading on Monday. 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 19.2, below the average drugs industry P/E ratio of 19.4 and above the S&P 500 P/E ratio of 17.7.