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NEW YORK ( TheStreet) -- First Niagara Financial Group (Nasdaq: FNFG) hit a new 52-week low Friday as it is currently trading at $8.20, below its previous 52-week low of $8.22 with 1.8 million shares traded as of 2:40 p.m. ET. Average volume has been 4.5 million shares over the past 30 days. First Niagara Financial Group has a market cap of $2.93 billion and is part of the financial sector and banking industry. Shares are down 3.7% year to date as of the close of trading on Thursday. First Niagara Financial Group, Inc. operates as the holding company for First Niagara Bank, N.A. that provides retail and commercial banking, and other financial services to individuals, families, and businesses. The company has a P/E ratio of 14.3, above the average banking industry P/E ratio of 13.8 and below the S&P 500 P/E ratio of 17.7.