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NEW YORK ( TheStreet) -- OM Group (NYSE: OMG) hit a new 52-week low Tuesday as it is currently trading at $20.09, below its previous 52-week low of $20.13 with 170,247 shares traded as of 2:05 p.m. ET. Average volume has been 352,100 shares over the past 30 days. OM Group has a market cap of $685.4 million and is part of the basic materials sector and chemicals industry. Shares are down 5.5% year to date as of the close of trading on Monday. OM Group, Inc. operates as a diversified specialty chemicals and materials company worldwide. The company operates in four segments: Magnetic Technologies, Advanced Materials, Specialty Chemicals, and Battery Technologies. The company has a P/E ratio of 35.9, above the average chemicals industry P/E ratio of 33.6 and above the S&P 500 P/E ratio of 17.7.