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NEW YORK ( TheStreet) -- Apollo Group (Nasdaq: APOL) hit a new 52-week low Wednesday as it is currently trading at $36.90, below its previous 52-week low of $37.08 with 657,675 shares traded as of 10 a.m. ET. Average volume has been two million shares over the past 30 days. Apollo Group has a market cap of $7 billion and is part of the services sector and diversified services industry. Shares are down 29.8% year to date as of the close of trading on Tuesday. Apollo Group, Inc., through its subsidiaries, provides online and on-campus educational programs and services at the undergraduate, master's, and doctoral levels. The company has a P/E ratio of 8.7, below the average diversified services industry P/E ratio of 15.6 and below the S&P 500 P/E ratio of 17.7.