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NEW YORK ( TheStreet) -- Live Nation Entertainment (NYSE: LYV) hit a new 52-week low Monday as it is currently trading at $7.65, below its previous 52-week low of $7.66 with 767,724 shares traded as of 1:10 p.m. ET. Average volume has been 1.6 million shares over the past 30 days. Live Nation Entertainment has a market cap of $1.6 billion and is part of the services sector and media industry. Shares are down 29.9% year to date as of the close of trading on Friday. Live Nation Entertainment, Inc. operates as a live entertainment company internationally. It involves in the promotion of live music events in its owned and/or operated venues, and in rented third-party venues.