NEW YORK ( TheStreet) -- Nelnet (NYSE: NNI) hit a new 52-week low Monday as it is currently trading at $18.80, below its previous 52-week low of $18.88 with 48,450 shares traded as of 11:37 a.m. ET. Average volume has been 117,300 shares over the past 30 days. Nelnet has a market cap of $726.3 million and is part of the financial sector and financial services industry. Shares are down 18.5% year to date as of the close of trading on Friday. Nelnet, Inc., an education services company, focuses on providing fee-based processing services, and education-related products and services in the areas of loan financing, loan servicing, payment processing, and enrollment services. The company has a P/E ratio of 5.1, equal to the average financial services industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
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