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NEW YORK ( TheStreet) -- FLIR Systems (Nasdaq: FLIR) hit a new 52-week low Wednesday as it is currently trading at $20.22, below its previous 52-week low of $20.30 with 282,309 shares traded as of 11:55 a.m. ET. Average volume has been 1.3 million shares over the past 30 days. FLIR Systems has a market cap of $3.18 billion and is part of the industrial goods sector and aerospace/defense industry. Shares are down 14.7% year to date as of the close of trading on Tuesday. FLIR Systems, Inc. designs, manufactures, and markets thermal imaging systems worldwide. The company operates through two divisions, Commercial Systems and Government Systems. The company has a P/E ratio of 15, below the average aerospace/defense industry P/E ratio of 15.2 and below the S&P 500 P/E ratio of 17.7.