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NEW YORK ( TheStreet) -- PHH Corporation (NYSE: PHH) hit a new 52-week low Thursday as it is currently trading at $11.65, below its previous 52-week low of $12.83 with 912,730 shares traded as of 10:55 a.m. ET. Average volume has been 961,900 shares over the past 30 days. PHH has a market cap of $785.4 million and is part of the financial sector and financial services industry. Shares are down 43.8% year to date as of the close of trading on Wednesday. PHH Corporation provides mortgage and fleet management outsourcing services in the United States and Canada. The company has a P/E ratio of 17.5, below the average financial services industry P/E ratio of 18.8 and below the S&P 500 P/E ratio of 17.7.