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NEW YORK ( TheStreet) -- CTC Media (Nasdaq: CTCM) hit a new 52-week low Thursday as it is currently trading at $10.52, below its previous 52-week low of $10.83 with 7,347 shares traded as of 9:30 a.m. ET. Average volume has been 406,500 shares over the past 30 days. CTC Media has a market cap of $1.7 billion and is part of the services sector and media industry. Shares are down 53.7% year to date as of the close of trading on Wednesday. CTC Media, Inc. operates as an independent broadcasting company in Russia. It owns and operates the CTC, Domashny, and DTV television networks in Russia. The company has a P/E ratio of 10.6, equal to the average media industry P/E ratio and below the S&P 500 P/E ratio of 17.7.