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NEW YORK ( TheStreet) -- Ferro (NYSE: FOE) hit a new 52-week low Tuesday as it is currently trading at $4.80, below its previous 52-week low of $4.82 with 1.6 million shares traded as of 3:25 p.m. ET. Average volume has been 1.5 million shares over the past 30 days. Ferro has a market cap of $463.2 million and is part of the basic materials sector and chemicals industry. Shares are down 63.5% year to date as of the close of trading on Monday. 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 7.5, equal to the average chemicals industry P/E ratio and below the S&P 500 P/E ratio of 17.7.