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NEW YORK ( TheStreet) -- Seaspan Corporation (NYSE: SSW) hit a new 52-week low Monday as it is currently trading at $11.03, below its previous 52-week low of $11.05 with 327,894 shares traded as of 3:19 p.m. ET. Average volume has been 350,800 shares over the past 30 days. Seaspan has a market cap of $831.6 million and is part of the services sector and transportation industry. Shares are down 7.7% year to date as of the close of trading on Friday. Seaspan Corporation owns and operates the containerships that are engaged in the deep-sea container transportation business in Hong Kong. The company charters its containerships pursuant to long-term, fixed-rate time charters to various container liner companies. The company has a P/E ratio of 18.5, below the average transportation industry P/E ratio of 19.1 and above the S&P 500 P/E ratio of 17.7.