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NEW YORK ( TheStreet) -- Orbital Sciences Corporation (NYSE: ORB) hit a new 52-week low Wednesday as it is currently trading at $11.49, below its previous 52-week low of $11.54 with 225,582 shares traded as of 3:11 p.m. ET. Average volume has been 371,000 shares over the past 30 days. Orbital Sciences has a market cap of $712 million and is part of the industrial goods sector and aerospace/defense industry. Shares are down 16.9% year to date as of the close of trading on Tuesday. Orbital Sciences Corporation develops and manufactures small and medium-class rockets and space systems for commercial, military, and civil government customers. The company operates in three segments: Launch Vehicles, Satellites and Space Systems, and Advanced Space Programs. The company has a P/E ratio of 10.6, equal to the average aerospace/defense industry P/E ratio and below the S&P 500 P/E ratio of 17.7.