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NEW YORK ( TheStreet) -- Ferro (NYSE: FOE) hit a new 52-week low Friday as it is currently trading at $4.26, below its previous 52-week low of $4.27 with 242,103 shares traded as of 10:20 a.m. ET. Average volume has been 893,700 shares over the past 30 days. Ferro has a market cap of $412.9 million and is part of the basic materials sector and chemicals industry. Shares are down 8.6% year to date as of the close of trading on Thursday. Ferro Corporation, together with its subsidiaries, engages in the production and sale of specialty materials and chemicals in the Untied States and internationally. The company has a P/E ratio of 39.8, below the average chemicals industry P/E ratio of 43.4 and above the S&P 500 P/E ratio of 17.7.