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NEW YORK ( TheStreet) -- Sonic Corporation (Nasdaq: SONC) hit a new 52-week low Monday as it is currently trading at $6.81, below its previous 52-week low of $6.83 with 311,489 shares traded as of 2:30 p.m. ET. Average volume has been 757,300 shares over the past 30 days. Sonic has a market cap of $456.5 million and is part of the services sector and leisure industry. Shares are down 30.1% year to date as of the close of trading on Friday. Sonic Corp. operates and franchises a chain of quick-service drive-in restaurants in the United States. As of June 22, 2011, it operated and franchised approximately 3,500 drive-ins. It also leases signs and real estate. The company has a P/E ratio of 38.8, above the average leisure industry P/E ratio of 29.5 and above the S&P 500 P/E ratio of 17.7.