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NEW YORK ( TheStreet) -- OM Group (NYSE: OMG) hit a new 52-week low Tuesday as it is currently trading at $17.06, below its previous 52-week low of $17.15 with 74,559 shares traded as of 12:30 p.m. ET. Average volume has been 291,300 shares over the past 30 days. OM Group has a market cap of $593.1 million and is part of the basic materials sector and chemicals industry. Shares are down 19.3% year to date as of the close of trading on Monday. 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, above the average chemicals industry P/E ratio of 29.1 and above the S&P 500 P/E ratio of 17.7.