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NEW YORK ( TheStreet) -- Higher One Holdings (NYSE: ONE) hit a new 52-week low Thursday as it is currently trading at $13.67, below its previous 52-week low of $13.79 with 32,997 shares traded as of 10:05 a.m. ET. Average volume has been 362,500 shares over the past 30 days. Higher One has a market cap of $806.3 million and is part of the services sector and diversified services industry. Shares are down 23% year to date as of the close of trading on Wednesday. Higher One Holdings, Inc. provides technology and payment services in the United States. It offers a suite of disbursement and payment solutions for higher education institutions and their students. The company has a P/E ratio of 28.7, above the average diversified services industry P/E ratio of 25.4 and above the S&P 500 P/E ratio of 17.7.