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NEW YORK ( TheStreet) -- SEI Investments Company (Nasdaq: SEIC) hit a new 52-week low Friday as it is currently trading at $16.03, below its previous 52-week low of $16.04 with 450,426 shares traded as of 12:27 p.m. ET. Average volume has been 1.1 million shares over the past 30 days. SEI Investments has a market cap of $3.1 billion and is part of the financial sector and financial services industry. Shares are down 32.2% year to date as of the close of trading on Thursday. SEI Investments Company provides investment processing, fund processing, and investment management business outsourcing solutions to corporations, financial institutions, financial advisors, and high-net-worth families. The company has a P/E ratio of 14, above the average financial services industry P/E ratio of 13.9 and below the S&P 500 P/E ratio of 17.7.