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NEW YORK ( TheStreet) -- AU Optronics Corporation (NYSE: AUO) hit a new 52-week low Thursday as it is currently trading at $5.78, below its previous 52-week low of $5.79 with 2.7 million shares traded as of 2:41 p.m. ET. Average volume has been 2.8 million shares over the past 30 days. AU Optronics has a market cap of $5.5 billion and is part of the technology sector and computer hardware industry. Shares are down 42.3% year to date as of the close of trading on Wednesday. AU Optronics Corp. researches, develops, produces, and sells thin film transistor liquid crystal displays (TFT-LCDs) and other flat panel displays to original equipment manufacturing service providers. The company has a P/E ratio of 36.4, above the S&P 500 P/E ratio of 17.7.