NEW YORK ( TheStreet) -- United Microelectronics Corp (NYSE: UMC) hit a new 52-week low Thursday as it is currently trading at $2.39, below its previous 52-week low of $2.40 with 1.5 million shares traded as of 1:27 p.m. ET. Average volume has been 3.9 million shares over the past 30 days.

United Microelectronics has a market cap of $6 billion and is part of the technology sector and electronics industry. Shares are down 23.7% year to date as of the close of trading on Wednesday.

United Microelectronics Corporation operates as a semiconductor wafer foundry. The company provides wafer fabrication services and technologies to its customers based on their designs. The company has a P/E ratio of 7.3, below the average electronics industry P/E ratio of 15 and below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates United Microelectronics as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and compelling growth in net income. 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 United Microelectronics Ratings Report.

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