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NEW YORK ( TheStreet) -- Teekay Tankers (NYSE: TNK) hit a new 52-week low Friday as it is currently trading at $5.85, below its previous 52-week low of $5.86 with 70,860 shares traded as of 10 a.m. ET. Average volume has been 492,000 shares over the past 30 days. Teekay Tankers has a market cap of $305.8 million and is part of the services sector and transportation industry. Shares are down 52.1% year to date as of the close of trading on Thursday. Teekay Tankers Ltd., together with its subsidiaries, engages in the ownership and operation of oil tankers. As of August 16, 2011, it owned a fleet of nine double-hull Aframax tankers and six double-hull Suezmax tankers. The company has a P/E ratio of 38.7, above the average transportation industry P/E ratio of 19.3 and above the S&P 500 P/E ratio of 17.7.