NEW YORK ( TheStreet) -- Conceptus (Nasdaq: CPTS) hit a new 52-week low Friday as it is currently trading at $11.95, below its previous 52-week low of $11.99 with 178,924 shares traded as of 11 a.m. ET. Average volume has been 231,800 shares over the past 30 days. Conceptus has a market cap of $375.8 million and is part of the health care sector and health services industry. Shares are down 13% year to date as of the close of trading on Thursday. Conceptus, Inc. designs, develops, and markets minimally invasive devices for reproductive medical applications. It offers Essure, a permanent birth control system for women. The company has a P/E ratio of 4.7, equal to the average health services industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
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