NEW YORK ( TheStreet) -- E*Trade Financial (Nasdaq: ETFC) hit a new 52-week low Thursday as it is currently trading at $7.41, below its previous 52-week low of $7.42 with 3.2 million shares traded as of 2:25 p.m. ET. Average volume has been 4.9 million shares over the past 30 days. E*Trade Financial has a market cap of $2.14 billion and is part of the financial sector and financial services industry. Shares are down 5.8% year to date as of the close of trading on Wednesday. E*TRADE Financial Corporation, a financial services company, provides online brokerage and related products and services primarily to individual retail investors under the E*TRADE Financial brand in the United States. The company has a P/E ratio of 12.5, equal to the average financial services industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
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