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NEW YORK ( TheStreet) -- Alliant Techsystems (NYSE: ATK) hit a new 52-week low Tuesday as it is currently trading at $51.20, below its previous 52-week low of $51.25 with 54,210 shares traded as of 10:45 a.m. ET. Average volume has been 218,000 shares over the past 30 days. Alliant Techsystems has a market cap of $2.02 billion and is part of the industrial goods sector and aerospace/defense industry. Shares are down 10.1% year to date as of the close of trading on Monday. Alliant Techsystems Inc. engages in the supply of aerospace and defense products to the U.S. government, allied nations, and prime contractors. The company also supplies ammunition and related accessories to law enforcement agencies and commercial customers. The company has a P/E ratio of 6.3, below the average aerospace/defense industry P/E ratio of seven and below the S&P 500 P/E ratio of 17.7.