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NEW YORK ( TheStreet) -- Tam (NYSE: TAM) hit a new 52-week low Tuesday as it is currently trading at $13.90, below its previous 52-week low of $13.92 with 747,587 shares traded as of 2:56 p.m. ET. Average volume has been 1.2 million shares over the past 30 days. Tam has a market cap of $2.4 billion and is part of the services sector and transportation industry. Shares are down 39.9% year to date as of the close of trading on Monday. TAM S.A., through its subsidiaries, provides passenger and cargo air transportation services in Brazil and internationally. The company also engages in aircraft sub-leasing, as well as aircraft acquisition, financing, and debt issuance activities. The company has a P/E ratio of 9.6, above the average transportation industry P/E ratio of 3.8 and below the S&P 500 P/E ratio of 17.7.