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NEW YORK ( TheStreet) -- Gafisa (NYSE: GFA) hit a new 52-week low Friday as it is currently trading at $8.99, below its previous 52-week low of $9.06 with 115,529 shares traded as of 9:36 a.m. ET. Average volume has been four million shares over the past 30 days. Gafisa has a market cap of $2 billion and is part of the industrial goods sector and materials & construction industry. Shares are down 37.1% year to date as of the close of trading on Thursday. Gafisa S.A. operates as a homebuilder in Brazil. The company has a P/E ratio of 153.2, above the average materials & construction industry P/E ratio of 8.7 and above the S&P 500 P/E ratio of 17.7.