NEW YORK ( TheStreet) -- Piper Jaffray Cos (NYSE: PJC) hit a new 52-week low Friday as it is currently trading at $20.40, below its previous 52-week low of $20.46 with 67,043 shares traded as of 12:14 p.m. ET. Average volume has been 151,900 shares over the past 30 days. Piper Jaffray Cos has a market cap of $429.7 million and is part of the financial sector and financial services industry. Shares are down 40.2% year to date as of the close of trading on Thursday. Piper Jaffray Companies provides investment banking services, institutional sales, trading and research services, and asset management services worldwide. The company has a P/E ratio of 12.6, 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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