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NEW YORK ( TheStreet) -- CGG Veritas (NYSE: CGV) hit a new 52-week low Thursday as it is currently trading at $18.22, below its previous 52-week low of $18.26 with 130,226 shares traded as of 1:38 p.m. ET. Average volume has been 161,200 shares over the past 30 days. CGG Veritas has a market cap of $3.1 billion and is part of the basic materials sector and energy industry. Shares are down 34.5% year to date as of the close of trading on Wednesday. Compagnie Generale de Geophysique-Veritas S.A., together with its subsidiaries, provides geophysical services and equipment to the oil and gas exploration and production industries in France and internationally. The company has a P/E ratio of 204.4, above the S&P 500 P/E ratio of 17.7.