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NEW YORK ( TheStreet) -- Aerovironment Incorporated (Nasdaq: AVAV) hit a new 52-week low Tuesday as it is currently trading at $21.25, below its previous 52-week low of $21.40 with 164,756 shares traded as of 11:09 a.m. ET. Average volume has been 268,000 shares over the past 30 days. Aerovironment has a market cap of $476.5 million and is part of the industrial goods sector and aerospace/defense industry. Shares are down 31.6% year to date as of the close of trading on Friday. AeroVironment, Inc. designs, develops, produces, and supports unmanned aircraft systems, and efficient energy systems for various industries and governmental agencies. The company has a P/E ratio of 15.8, equal to the average aerospace/defense industry P/E ratio and below the S&P 500 P/E ratio of 17.7.