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NEW YORK ( TheStreet) -- Knight Transportation (NYSE: KNX) hit a new 52-week low Tuesday as it is currently trading at $12.68, below its previous 52-week low of $12.78 with 19,030 shares traded as of 9:36 a.m. ET. Average volume has been 1.2 million shares over the past 30 days. Knight Transportation has a market cap of $1.1 billion and is part of the services sector and transportation industry. Shares are down 32.3% year to date as of the close of trading on Monday. Knight Transportation, Inc., together with its subsidiaries, operates as a short to medium-haul truckload carrier of general commodities in the United States. The company has a P/E ratio of 19.6, above the average transportation industry P/E ratio of 19.3 and above the S&P 500 P/E ratio of 17.7.