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NEW YORK ( TheStreet) -- Shinhan Financial Group (NYSE: SHG) hit a new 52-week low Wednesday as it is currently trading at $69.92, below its previous 52-week low of $70.02 with 5,386 shares traded as of 11 a.m. ET. Average volume has been 56,400 shares over the past 30 days. Shinhan Financial Group has a market cap of $16.9 billion and is part of the financial sector and banking industry. Shares are down 23.9% year to date as of the close of trading on Tuesday. Shinhan Financial Group Co., Ltd., together with its subsidiaries, provides financial products and services to corporations, governments, institutions, and individuals in Korea and internationally. The company has a P/E ratio of 7.5, above the average banking industry P/E ratio of 6.1 and below the S&P 500 P/E ratio of 17.7.