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NEW YORK ( TheStreet) -- Solar Capital (Nasdaq: SLRC) hit a new 52-week low Tuesday as it is currently trading at $19, below its previous 52-week low of $19.17 with 85,373 shares traded as of 10:06 a.m. ET. Average volume has been 308,800 shares over the past 30 days. Solar has a market cap of $733.7 million and is part of the financial sector and financial services industry. Shares are down 20.8% year to date as of the close of trading on Monday. Solar Capital Ltd. is a business development company specializing in investments in leveraged companies, including middle market companies. The company has a P/E ratio of 5.6, equal to the average financial services industry P/E ratio and below the S&P 500 P/E ratio of 17.7.