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NEW YORK ( TheStreet) -- Knightsbridge Tankers (Nasdaq: VLCCF) hit a new 52-week low Friday as it is currently trading at $16.07, below its previous 52-week low of $16.09 with 92,114 shares traded as of 2:17 p.m. ET. Average volume has been 163,700 shares over the past 30 days. Knightsbridge Tankers has a market cap of $414.3 million and is part of the services sector and transportation industry. Shares are down 23.8% year to date as of the close of trading on Thursday. Knightsbridge Tankers Limited, through its subsidiaries, engages in the seaborne transportation of crude oil and dry bulk cargoes worldwide. The company's customers include oil companies, tanker companies, dry bulk companies, petroleum products traders, government agencies, and other entities. The company has a P/E ratio of 8.4, below the average transportation industry P/E ratio of 13.1 and below the S&P 500 P/E ratio of 17.7.