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NEW YORK ( TheStreet) -- Tesco Corporation (Nasdaq: TESO) hit a new 52-week low Monday as it is currently trading at $11.22, below its previous 52-week low of $11.30 with 42,932 shares traded as of 12:14 p.m. ET. Average volume has been 268,500 shares over the past 30 days. Tesco has a market cap of $459.1 million and is part of the basic materials sector and energy industry. Shares are down 27% year to date as of the close of trading on Friday. Tesco Corporation engages in the design, manufacture, and service delivery of technology based solutions for the upstream energy industry worldwide. It operates in three segments: Top Drive, Tubular Services, and CASING DRILLING. The company has a P/E ratio of 30.1, above the average energy industry P/E ratio of 28 and above the S&P 500 P/E ratio of 17.7.