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NEW YORK ( TheStreet) -- Rofin-Sinar Technologies Incorporated (Nasdaq: RSTI) hit a new 52-week low Thursday as it is currently trading at $19.79, below its previous 52-week low of $20.33 with 16,918 shares traded as of 9:35 a.m. ET. Average volume has been 233,700 shares over the past 30 days. Rofin-Sinar has a market cap of $590.5 million and is part of the technology sector and electronics industry. Shares are down 42.3% year to date as of the close of trading on Wednesday. Rofin-Sinar Technologies Inc. engages in the design, development, engineering, manufacturing, and marketing of laser-based products primarily in Germany and North America. The company offers laser macro products to machine tool and automotive markets for cutting and welding of metals. The company has a P/E ratio of 11, equal to the average electronics industry P/E ratio and below the S&P 500 P/E ratio of 17.7.