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NEW YORK ( TheStreet) -- Ferro (NYSE: FOE) hit a new 52-week low Monday as it is currently trading at $4.11, below its previous 52-week low of $4.12 with 41,411 shares traded as of 9:50 a.m. ET. Average volume has been 818,900 shares over the past 30 days. Ferro has a market cap of $384.4 million and is part of the basic materials sector and chemicals industry. Shares are down 15.3% year to date as of the close of trading on Friday. 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 37, below the average chemicals industry P/E ratio of 40.4 and above the S&P 500 P/E ratio of 17.7.