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NEW YORK ( TheStreet) -- Teekay Tankers (NYSE: TNK) hit a new 52-week low Thursday as it is currently trading at $9.18, below its previous 52-week high of $13.96 with 1.1 million shares traded as of 1:47 p.m. ET. Average volume has been 735,000 shares over the past 30 days. Teekay Tankers has a market cap of $383.8 million and is part of the services sector and transportation industry. Shares are down 20.7% year to date as of the close of trading on Wednesday. Teekay Tankers Ltd., through its subsidiaries, engages in the ownership and operation of oil tankers. As of March 1, 2010, the company's fleet consisted of nine Aframax-class oil tankers and three Suezmax-class oil tankers. The company has a P/E ratio of 26.3, equal to the average transportation industry P/E ratio and above the S&P 500 P/E ratio of 16.9.