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NEW YORK ( TheStreet) -- Axiall (NYSE: AXLL) hit a new 52-week low Tuesday as it is currently trading at $40.19, below its previous 52-week low of $40.27 with 1.1 million shares traded as of 2:31 p.m. ET. Average volume has been 1.7 million shares over the past 30 days. Axiall has a market cap of $2.97 billion and is part of the basic materials sector and chemicals industry. Shares are up 3.1% year to date as of the close of trading on Monday. Axiall Corporation operates as an integrated chemicals and building products company in North America and Asia. The company has a P/E ratio of 17.9, above the S&P 500 P/E ratio of 17.7.