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NEW YORK ( TheStreet) -- Shaw Communications (NYSE: SJR) hit a new 52-week low Tuesday as it is currently trading at $19.40, below its previous 52-week low of $19.59 with 4,287 shares traded as of 9:30 a.m. ET. Average volume has been 209,300 shares over the past 30 days. Shaw has a market cap of $8.4 billion and is part of the services sector and media industry. Shares are down 8.3% year to date as of the close of trading on Monday. Shaw Communications Inc., a diversified communications company, provides broadband cable television, Internet, digital phone, telecommunications, and satellite direct-to-home (DTH) services primarily in Canada and the United States. The company has a P/E ratio of 20.6, above the average media industry P/E ratio of 17.9 and above the S&P 500 P/E ratio of 17.7.