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NEW YORK ( TheStreet) -- AAR (NYSE: AIR) hit a new 52-week low Monday as it is currently trading at $14.25, below its previous 52-week low of $14.46 with 10,405 shares traded as of 9:34 a.m. ET. Average volume has been 347,900 shares over the past 30 days. AAR has a market cap of $596.3 million and is part of the industrial goods sector and aerospace/defense industry. Shares are down 24.4% year to date as of the close of trading on Friday. AAR CORP. provides products and services to aviation, government, and defense markets worldwide. The company's Aviation Supply Chain segment purchases and sells new, overhauled, and repaired engine and airframe parts and components. The company has a P/E ratio of 7.7, below the average aerospace/defense industry P/E ratio of eight and below the S&P 500 P/E ratio of 17.7.