NEW YORK ( TheStreet) -- Boston Scientific (NYSE: BSX) hit a new 52-week low Thursday as it is currently trading at $5, below its previous 52-week low of $5.01 with 28.8 million shares traded as of 11:05 a.m. ET. Average volume has been 12.5 million shares over the past 30 days. Boston Scientific has a market cap of $7.43 billion and is part of the health care sector and health services industry. Shares are down 0.2% year to date as of the close of trading on Wednesday. Boston Scientific Corporation develops, manufactures, and markets medical devices used in various interventional medical specialties worldwide. The company has a P/E ratio of 15.3, equal to the average health services industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
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