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NEW YORK ( TheStreet) -- Skywest Incorporated (Nasdaq: SKYW) hit a new 52-week low Monday as it is currently trading at $10.83, below its previous 52-week low of $10.88 with 363,263 shares traded as of 3:05 p.m. ET. Average volume has been 498,900 shares over the past 30 days. Skywest has a market cap of $622.6 million and is part of the services sector and transportation industry. Shares are down 26.3% year to date as of the close of trading on Friday. SkyWest, Inc., through its subsidiaries, operates as a regional airline in the United States. The company has a P/E ratio of 12.9, equal to the average transportation industry P/E ratio and below the S&P 500 P/E ratio of 17.7.