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NEW YORK ( TheStreet) -- Ship Finance International (NYSE: SFL) hit a new 52-week low Tuesday as it is currently trading at $16.47, below its previous 52-week low of $16.50 with 142,008 shares traded as of 11:37 a.m. ET. Average volume has been 368,100 shares over the past 30 days. Ship Finance International has a market cap of $1.3 billion and is part of the services sector and transportation industry. Shares are down 23.3% year to date as of the close of trading on Monday. Ship Finance International Limited, through its subsidiaries, engages in the ownership and operation of vessels and offshore related assets in Bermuda, Cyprus, Malta, Liberia, Norway, the United States, Singapore, the United Kingdom, and the Marshall Islands. The company has a P/E ratio of 8.1, below the average transportation industry P/E ratio of 9.5 and below the S&P 500 P/E ratio of 17.7.