NEW YORK ( TheStreet) -- Netflix (Nasdaq: NFLX) hit a new 52-week low Monday as it is currently trading at $73.77, below its previous 52-week low of $74.25 with 3.1 million shares traded as of 12:10 p.m. ET. Average volume has been 9.4 million shares over the past 30 days. Netflix has a market cap of $4.01 billion and is part of the services sector and specialty retail industry. Shares are down 55.6% year to date as of the close of trading on Friday. Netflix, Inc. provides subscription based Internet services for TV shows and movies in the United States and internationally. The company allows its subscribers to watch unlimited TV shows and movies streamed over the Internet to their televisions, computers, and mobile devices. The company has a P/E ratio of 17.4, equal to the average specialty retail industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
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