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NEW YORK ( TheStreet) -- NuVasive (Nasdaq: NUVA) hit a new 52-week low Thursday as it is currently trading at $17.83, below its previous 52-week low of $17.87 with 1.8 million shares traded as of 2:15 p.m. ET. Average volume has been 1.1 million shares over the past 30 days. NuVasive has a market cap of $816.6 million and is part of the health care sector and health services industry. Shares are down 20.2% year to date as of the close of trading on Wednesday. NuVasive, Inc., a medical device company, engages in the design, development, and marketing of minimally disruptive surgical products and procedures for the spine. Its products are used in applications for spine fusion surgery. The company has a P/E ratio of 11.1, equal to the average health services industry P/E ratio and below the S&P 500 P/E ratio of 17.7.