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NEW YORK ( TheStreet) -- Blackstone Group (NYSE: BX) hit a new 52-week low Monday as it is currently trading at $11.48, below its previous 52-week low of $11.50 with 3.1 million shares traded as of 1:25 p.m. ET. Average volume has been 4.6 million shares over the past 30 days. Blackstone Group has a market cap of $5.9 billion and is part of the financial sector and financial services industry. Shares are down 15.3% year to date as of the close of trading on Friday. The Blackstone Group, L.P., together with its subsidiaries, provides alternative asset management and financial advisory services worldwide. The company operates in five segments: Private Equity, Real Estate, Hedge Fund Solutions, Credit Businesses, and Financial Advisory. The company has a P/E ratio of 73.1, below the average financial services industry P/E ratio of 82.8 and above the S&P 500 P/E ratio of 17.7.