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NEW YORK ( TheStreet) -- Mitsubishi UFJ Financial Group (NYSE: MTU) hit a new 52-week low Wednesday as it is currently trading at $4.03, below its previous 52-week low of $4.05 with 46,469 shares traded as of 10:09 a.m. ET. Average volume has been 1.8 million shares over the past 30 days. Mitsubishi UFJ Financial Group has a market cap of $57.71 billion and is part of the financial sector and banking industry. Shares are down 23.8% year to date as of the close of trading on Tuesday. Mitsubishi UFJ Financial Group, Inc., together with its subsidiaries, provides various financial services to individual and corporate customers in Japan and internationally. Its Integrated Retail Banking Business Group comprises commercial banking, trust banking, and securities businesses. The company has a P/E ratio of 30.6, above the average banking industry P/E ratio of 10.9 and above the S&P 500 P/E ratio of 17.7.