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NEW YORK ( TheStreet) -- Tam (NYSE: TAM) hit a new 52-week low Monday as it is currently trading at $15.08, below its previous 52-week low of $15.24 with 577,220 shares traded as of 12:18 p.m. ET. Average volume has been 700,600 shares over the past 30 days. Tam has a market cap of $2.7 billion and is part of the services sector and transportation industry. Shares are down 30.8% year to date as of the close of trading on Friday. TAM S.A., through its subsidiaries, provides passenger and cargo air transportation services in Brazil and internationally. The company also engages in aircraft sub-leasing, as well as aircraft acquisition, financing, and debt issuance activities. The company has a P/E ratio of 10.7, above the average transportation industry P/E ratio of 5.3 and below the S&P 500 P/E ratio of 17.7.