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NEW YORK ( TheStreet) -- Tetra Technologies (NYSE: TTI) hit a new 52-week low Friday as it is currently trading at $6.19, below its previous 52-week low of $6.22 with 27,926 shares traded as of 9:34 a.m. ET. Average volume has been 719,600 shares over the past 30 days. Tetra has a market cap of $508.1 million and is part of the basic materials sector and energy industry. Shares are down 31.6% year to date as of the close of trading on Thursday. TETRA Technologies, Inc. operates as a diversified oil and gas services company. The company operates in three divisions: Fluids, Production Enhancement, and Offshore. The company has a P/E ratio of 65.5, equal to the average energy industry P/E ratio and above the S&P 500 P/E ratio of 17.7.