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NEW YORK ( TheStreet) -- Braskem (NYSE: BAK) hit a new 52-week low Wednesday as it is currently trading at $10.50, below its previous 52-week low of $10.52 with 478,871 shares traded as of 2:30 p.m. ET. Average volume has been 543,100 shares over the past 30 days. Braskem has a market cap of $4.35 billion and is part of the basic materials sector and chemicals industry. Shares are down 23.8% year to date as of the close of trading on Tuesday. Braskem S.A., together with its subsidiaries, produces and sells basic petrochemicals and thermoplastic resins in Brazil and internationally. It operates through five segments: Basic Petrochemicals, Polyolefins, Vinyls, Foreign Businesses, and Chemical Distribution. The company has a P/E ratio of 8.6, below the average chemicals industry P/E ratio of 48.4 and below the S&P 500 P/E ratio of 17.7.