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NEW YORK ( TheStreet) -- Higher One Holdings (NYSE: ONE) hit a new 52-week low Tuesday as it is currently trading at $10.61, below its previous 52-week low of $10.62 with 73,255 shares traded as of 11:59 a.m. ET. Average volume has been 380,300 shares over the past 30 days. Higher One has a market cap of $601.5 million and is part of the services sector and diversified services industry. Shares are down 40.4% year to date as of the close of trading on Monday. 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 22, above the average diversified services industry P/E ratio of 18.9 and above the S&P 500 P/E ratio of 17.7.