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NEW YORK ( TheStreet) -- Digital River (Nasdaq: DRIV) hit a new 52-week low Thursday as it is currently trading at $17.41, below its previous 52-week low of $17.56 with 64,496 shares traded as of 10:05 a.m. ET. Average volume has been 807,900 shares over the past 30 days. Digital River has a market cap of $702.4 million and is part of the technology sector and internet industry. Shares are down 48.3% year to date as of the close of trading on Wednesday. Digital River, Inc., together with its subsidiaries, provides outsourced e-commerce solutions worldwide. The company offers a range of services, which enable its clients to establish an online sales channel capability and to manage online sales. The company has a P/E ratio of 20.8, below the average internet industry P/E ratio of 36.9 and above the S&P 500 P/E ratio of 17.7.