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NEW YORK ( TheStreet) -- Teekay Corporation (NYSE: TK) hit a new 52-week low Tuesday as it is currently trading at $21.16, below its previous 52-week low of $21.37 with 49,425 shares traded as of 9:40 a.m. ET. Average volume has been 434,200 shares over the past 30 days. Teekay has a market cap of $1.6 billion and is part of the services sector and transportation industry. Shares are up 5.8% year to date as of the close of trading on Monday. Teekay Corporation engages in the marine transportation of crude oil and gas in Bermuda and internationally. The company has a P/E ratio of 15.5, below the S&P 500 P/E ratio of 17.7.