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NEW YORK ( TheStreet) -- Arkansas Best Corporation (Nasdaq: ABFS) hit a new 52-week low Tuesday as it is currently trading at $11.65, below its previous 52-week low of $11.67 with 93,639 shares traded as of 12:34 p.m. ET. Average volume has been 339,800 shares over the past 30 days. Arkansas Best has a market cap of $312.2 million and is part of the services sector and transportation industry. Shares are down 38.7% year to date as of the close of trading on Monday. Arkansas Best Corporation, through its subsidiaries, engages in motor carrier freight transportation in the United States. The company provides shipping services to its customers by transporting various large and small shipments to geographically dispersed destinations. The company has a P/E ratio of 408.7, above the S&P 500 P/E ratio of 17.7.