NEW YORK ( TheStreet) -- Avid Technology (Nasdaq: AVID) hit a new 52-week low Thursday as it is currently trading at $8.27, below its previous 52-week low of $8.31 with 128,871 shares traded as of two p.m. ET. Average volume has been 256,200 shares over the past 30 days. Avid Technology has a market cap of $343.4 million and is part of the technology sector and computer software & services industry. Shares are down 49.5% year to date as of the close of trading on Wednesday. Avid Technology, Inc. provides digital media content-creation products and solutions for film, video, audio, and broadcast professionals, as well as artists and home enthusiasts.
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