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NEW YORK ( TheStreet) -- Neutral Tandem (Nasdaq: TNDM) hit a new 52-week low Wednesday as it is currently trading at $9.75, below its previous 52-week low of $9.78 with 129,108 shares traded as of 3:46 p.m. ET. Average volume has been 285,500 shares over the past 30 days. Neutral Tandem has a market cap of $318.3 million and is part of the technology sector and telecommunications industry. Shares are down 29.8% year to date as of the close of trading on Tuesday. Neutral Tandem, Inc. provides voice, Internet protocol (IP) transit, and Ethernet telecommunications services worldwide. It offers voice interconnection services primarily to competitive carriers, including wireless, wireline, cable, and broadband telephony companies. The company has a P/E ratio of 11.1, equal to the average telecommunications industry P/E ratio and below the S&P 500 P/E ratio of 17.7.