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NEW YORK ( TheStreet) -- OM Group (NYSE: OMG) hit a new 52-week low Friday as it is currently trading at $17.56, below its previous 52-week low of $17.59 with 36,590 shares traded as of 10:39 a.m. ET. Average volume has been 319,000 shares over the past 30 days. OM Group has a market cap of $605.7 million and is part of the basic materials sector and chemicals industry. Shares are down 16.5% year to date as of the close of trading on Thursday. OM Group, Inc. operates as a diversified specialty chemicals and materials company worldwide. The company operates in four segments: Magnetic Technologies, Advanced Materials, Specialty Chemicals, and Battery Technologies. The company has a P/E ratio of 31.7, above the average chemicals industry P/E ratio of 29.7 and above the S&P 500 P/E ratio of 17.7.