NEW YORK ( TheStreet) -- United States Cellular Corporation (NYSE: USM) hit a new 52-week low Wednesday as it is currently trading at $41.33, below its previous 52-week low of $41.83 with 2,999 shares traded as of 9:47 a.m. ET. Average volume has been 79,900 shares over the past 30 days. United States Cellular has a market cap of $2.3 billion and is part of the technology sector and telecommunications industry. Shares are down 16% year to date as of the close of trading on Tuesday. United States Cellular Corporation provides wireless voice and data services under the U.S. Cellular name in the United States. It offers a range of wireless handsets and laptop cards, as well as accessories, such as carrying cases, hands-free devices, batteries, and battery chargers. The company has a P/E ratio of 31.5, below the average telecommunications industry P/E ratio of 31.7 and above the S&P 500 P/E ratio of 17.7.
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