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NEW YORK ( TheStreet) -- United Microelectronics Corp (NYSE: UMC) hit a new 52-week low Tuesday as it is currently trading at $2.22, below its previous 52-week low of $2.23 with 5.7 million shares traded as of 3:42 p.m. ET. Average volume has been 3.6 million shares over the past 30 days. United Microelectronics has a market cap of $5.8 billion and is part of the technology sector and electronics industry. Shares are down 26.6% year to date as of the close of trading on Monday. 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 seven, below the average electronics industry P/E ratio of 14.3 and below the S&P 500 P/E ratio of 17.7.