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NEW YORK ( TheStreet) -- Photronics Incorporated (Nasdaq: PLAB) hit a new 52-week low Thursday as it is currently trading at $5.16, below its previous 52-week low of $5.17 with 301,206 shares traded as of 11:06 a.m. ET. Average volume has been 973,200 shares over the past 30 days. Photronics has a market cap of $356.6 million and is part of the technology sector and electronics industry. Shares are down 9.6% year to date as of the close of trading on Wednesday. Photronics, Inc. engages in the manufacture and sale of photomasks primarily in the United States, Europe, and Asia. The company has a P/E ratio of 22.9, below the average electronics industry P/E ratio of 29.8 and above the S&P 500 P/E ratio of 17.7.