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NEW YORK ( TheStreet) -- Royal Bank of Canada (NYSE: RY) hit a new 52-week low Tuesday as it is currently trading at $42.68, below its previous 52-week low of $43.05 with 378,523 shares traded as of 10:10 a.m. ET. Average volume has been 1.1 million shares over the past 30 days. Royal Bank of Canada has a market cap of $65.7 billion and is part of the financial sector and banking industry. Shares are down 15.4% year to date as of the close of trading on Monday. Royal Bank of Canada provides personal and commercial banking, wealth management services, insurance, corporate and investment banking, and transaction processing services under the RBC name worldwide. The company has a P/E ratio of 11.1, below the average banking industry P/E ratio of 15.6 and below the S&P 500 P/E ratio of 17.7.