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NEW YORK ( TheStreet) -- Suburban Propane Partners (NYSE: SPH) hit a new 52-week low Thursday as it is currently trading at $36.50, below its previous 52-week low of $36.71 with 39,311 shares traded as of 10:43 a.m. ET. Average volume has been 107,800 shares over the past 30 days. Suburban Propane has a market cap of $1.36 billion and is part of the utilities sector and utilities industry. Shares are down 22.4% year to date as of the close of trading on Wednesday. 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 31.1, equal to the average utilities industry P/E ratio and above the S&P 500 P/E ratio of 17.7.