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NEW YORK ( TheStreet) -- CTC Media (Nasdaq: CTCM) hit a new 52-week low Monday as it is currently trading at $8.03, below its previous 52-week low of $8.04 with 529,604 shares traded as of 2:55 p.m. ET. Average volume has been 505,100 shares over the past 30 days. CTC Media has a market cap of $1.33 billion and is part of the services sector and media industry. Shares are down 1.7% year to date as of the close of trading on Friday. CTC Media, Inc., together with its subsidiaries, operates as an independent media company. It operates the CTC, Domashny, and Peretz television networks in Russia. The company has a P/E ratio of 20.4, below the average media industry P/E ratio of 21 and above the S&P 500 P/E ratio of 17.7.