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NEW YORK ( TheStreet) -- Suburban Propane Partners (NYSE: SPH) hit a new 52-week low Wednesday as it is currently trading at $40.16, below its previous 52-week low of $40.25 with 10,905 shares traded as of 10:14 a.m. ET. Average volume has been 104,200 shares over the past 30 days. Suburban Propane has a market cap of $1.44 billion and is part of the utilities sector and utilities industry. Shares are down 14.6% year to date as of the close of trading on Tuesday. Suburban Propane Partners, L.P., through its subsidiaries, engages in the retail marketing and distribution of propane, fuel oil, and refined fuels. The company has a P/E ratio of 33.1, equal to the average utilities industry P/E ratio and above the S&P 500 P/E ratio of 17.7.