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NEW YORK ( TheStreet) -- Alcoa (NYSE: AA) hit a new 52-week low Wednesday as it is currently trading at $7.67, below its previous 52-week low of $7.71 with 1.7 million shares traded as of 9:35 a.m. ET. Average volume has been 18.2 million shares over the past 30 days. Alcoa has a market cap of $8.41 billion and is part of the basic materials sector and metals & mining industry. Shares are down 10.1% year to date as of the close of trading on Tuesday. Alcoa Inc. engages in the production and management of primary aluminum, fabricated aluminum, and alumina. The company operates in four segments: Alumina, Primary Metals, Global Rolled Products, and Engineered Products and Solutions.