NEW YORK (

TheStreet

) --

STMicroelectronics

(NYSE:

STM

) hit a new 52-week low Monday as it is currently trading at $6.02, below its previous 52-week low of $6.07 with 628,200 shares traded as of 11:41 a.m. ET. Average volume has been 2.6 million shares over the past 30 days.

STMicroelectronics has a market cap of $5.4 billion and is part of the

technology

sector and

electronics

industry. Shares are down 41.2% year to date as of the close of trading on Friday.

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STMicroelectronics N.V., an independent semiconductor company, engages in the design, development, manufacture, and marketing of a range of semiconductor integrated circuits and discrete devices. The company has a P/E ratio of 5.5, equal to the average electronics industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates STMicroelectronics as a

hold

. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, revenue growth and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we find that the stock has had a generally disappointing performance in the past year. You can view the full

STMicroelectronics Ratings Report

.

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