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NEW YORK ( TheStreet) -- Ixia (Nasdaq: XXIA) hit a new 52-week low Tuesday as it is currently trading at $7.38, below its previous 52-week low of $7.40 with 44,984 shares traded as of 9:46 a.m. ET. Average volume has been 693,600 shares over the past 30 days. Ixia has a market cap of $544.4 million and is part of the technology sector and electronics industry. Shares are down 53.3% year to date as of the close of trading on Friday. Ixia supplies converged network and application performance testing solutions for network equipment manufacturers, service providers, enterprises, and government agencies the United States and internationally. It designs and validates a range of IP and 3G/LTE networking equipment. The company has a P/E ratio of 29, equal to the average electronics industry P/E ratio and above the S&P 500 P/E ratio of 17.7.