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NEW YORK ( TheStreet) -- The Jones Group Inc (NYSE: JNY) hit a new 52-week low Monday as it is currently trading at $8.98, below its previous 52-week low of $9 with 308,670 shares traded as of 10:35 a.m. ET. Average volume has been 2.2 million shares over the past 30 days. The Jones Group has a market cap of $842.3 million and is part of the services sector and retail industry. Shares are down 40.7% year to date as of the close of trading on Friday. The Jones Group Inc. engages in the design, marketing, and wholesale of apparel, footwear, and accessories in the United States and Canada. The company has a P/E ratio of 42.6, equal to the average retail industry P/E ratio and above the S&P 500 P/E ratio of 17.7.