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NEW YORK ( TheStreet) -- Credit Suisse Group (NYSE: CS) hit a new 52-week low Friday as it is currently trading at $16.94, below its previous 52-week low of $16.95 with 1.7 million shares traded as of 11:45 a.m. ET. Average volume has been 2.7 million shares over the past 30 days. Credit Suisse Group has a market cap of $22.47 billion and is part of the financial sector and banking industry. Shares are down 24.9% year to date as of the close of trading on Thursday. Credit Suisse Group AG, together with its subsidiaries, operates as a financial services company. The company operates in three segments: Private Banking, Investment Banking, and Asset Management. The company has a P/E ratio of 9.5, below the average banking industry P/E ratio of 37.1 and below the S&P 500 P/E ratio of 17.7.