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NEW YORK ( TheStreet) -- Alcatel-Lucent (NYSE: ALU) hit a new 52-week low Monday as it is currently trading at $2.60, below its previous 52-week low of $2.67 with 2.3 million shares traded as of 9:35 a.m. ET. Average volume has been 28.8 million shares over the past 30 days. Alcatel-Lucent has a market cap of $7.2 billion and is part of the technology sector and telecommunications industry. Shares are down 4.4% year to date as of the close of trading on Friday. Alcatel-Lucent provides products, solutions, and transformation services that enable service providers, enterprises, governments, and strategic industries to deliver voice, data, and video communication services to end-users worldwide.