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NEW YORK ( TheStreet) -- Frontier Communications (NYSE: FTR) hit a new 52-week low Monday as it is currently trading at $5.98, below its previous 52-week low of $6.09 with 1.5 million shares traded as of 9:35 a.m. ET. Average volume has been 14.8 million shares over the past 30 days. Frontier has a market cap of $6.2 billion and is part of the technology sector and telecommunications industry. Shares are down 37.2% year to date as of the close of trading on Friday. Frontier Communications Corporation, a communications company, provides regulated and unregulated voice, data, and video services to residential, business, and wholesale customers in the United States. The company has a P/E ratio of 89, above the average telecommunications industry P/E ratio of 38.9 and above the S&P 500 P/E ratio of 17.7.