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NEW YORK ( TheStreet) -- Harmonic (Nasdaq: HLIT) hit a new 52-week low Friday as it is currently trading at $4.59, below its previous 52-week low of $4.59 with 744,939 shares traded as of 3:05 p.m. ET. Average volume has been 1.2 million shares over the past 30 days. Harmonic has a market cap of $551.9 million and is part of the technology sector and telecommunications industry. Shares are down 44.9% year to date as of the close of trading on Thursday. Harmonic Inc. designs, manufactures, and sells video products and system solutions that enable service providers to deliver broadcast and on-demand services.