NEW YORK ( TheStreet) -- NetScout Systems (Nasdaq: NTCT) hit a new 52-week low Thursday as it is currently trading at $11.50, below its previous 52-week low of $11.57 with 377,390 shares traded as of 3:20 p.m. ET. Average volume has been 549,200 shares over the past 30 days. NetScout Systems has a market cap of $519 million and is part of the technology sector and computer software & services industry. Shares are down 47.2% year to date as of the close of trading on Wednesday. NetScout Systems, Inc. engages in the design, development, manufacture, marketing, sale, and support of unified service delivery management, service assurance, and application and network performance management solutions worldwide. The company has a P/E ratio of 16, equal to the average computer software & services industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
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