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NEW YORK ( TheStreet) -- Abercrombie & Fitch (NYSE: ANF) hit a new 52-week low Wednesday as it is currently trading at $40.02, below its previous 52-week low of $40.25 with 2.7 million shares traded as of 9:46 a.m. ET. Average volume has been 2.5 million shares over the past 30 days. Abercrombie & Fitch has a market cap of $3.9 billion and is part of the services sector and retail industry. Shares are down 7% year to date as of the close of trading on Tuesday. Abercrombie & Fitch Co., through its subsidiaries, operates as a specialty retailer of casual apparel for men, women, and kids. The company has a P/E ratio of 31.2, below the average retail industry P/E ratio of 32.1 and above the S&P 500 P/E ratio of 17.7.