NEW YORK ( TheStreet) -- Suntech Power Holdings (NYSE: STP) hit a new 52-week low Friday as it is currently trading at $6.20, below its previous 52-week low of $6.38 with 1.1 million shares traded as of 10:16 a.m. ET. Average volume has been 2.5 million shares over the past 30 days. Suntech has a market cap of $1.3 billion and is part of the technology sector and electronics industry. Shares are down 19.9% year to date as of the close of trading on Thursday. Suntech Power Holdings Co., Ltd., a solar energy company, engages in the design, development, manufacture, and marketing of photovoltaic (PV) products. The company has a P/E ratio of 4.7, below the average electronics industry P/E ratio of 10.4 and below the S&P 500 P/E ratio of 17.7.
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