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NEW YORK ( TheStreet) -- Petroleo Brasileiro SA Petrobras (NYSE: PBR.A) hit a new 52-week low Wednesday as it is currently trading at $18.40, below its previous 52-week low of $18.42 with 3.4 million shares traded as of 12:10 p.m. ET. Average volume has been 7.9 million shares over the past 30 days. Petroleo Brasileiro SA Petrobras has a market cap of $130.18 billion and is part of the basic materials sector and energy industry. Shares are down 14.2% year to date as of the close of trading on Tuesday. Petroleo Brasileiro S.A. primarily engages in oil and natural gas exploration and production, refining, trade, and transportation businesses. The company has a P/E ratio of 7.1, below the S&P 500 P/E ratio of 17.7.