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NEW YORK ( TheStreet) -- Home Inns & Hotels Management (Nasdaq: HMIN) hit a new 52-week low Tuesday as it is currently trading at $22.04, below its previous 52-week low of $22.05 with 5,505 shares traded as of 9:30 a.m. ET. Average volume has been 491,700 shares over the past 30 days. Home Inns & Hotels Management has a market cap of $1.01 billion and is part of the services sector and leisure industry. Shares are down 13.7% year to date as of the close of trading on Monday. Home Inns & Hotels Management Inc. develops, leases, operates, franchises, and manages a chain of economy hotels in the People's Republic of China. The company operates its hotels under the Home Inn brand name. The company has a P/E ratio of 55.6, equal to the average leisure industry P/E ratio and above the S&P 500 P/E ratio of 17.7.