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NEW YORK ( TheStreet) -- Morgan Stanley (NYSE: MS) hit a new 52-week low Monday as it is currently trading at $12.46, below its previous 52-week low of $12.49 with 52.2 million shares traded as of four p.m. ET. Average volume has been 27.2 million shares over the past 30 days. Morgan Stanley has a market cap of $29.1 billion and is part of the financial sector and financial services industry. Shares are down 50.3% year to date as of the close of trading on Friday. Morgan Stanley, a financial holding company, provides various financial products and services to corporations, governments, financial institutions, and individuals worldwide. It operates in three segments: Institutional Securities, Global Wealth Management Group, and Asset Management. The company has a P/E ratio of 20.4, below the average financial services industry P/E ratio of 28.5 and above the S&P 500 P/E ratio of 17.7.