NEW YORK ( TheStreet) -- Advanced Energy Industries (Nasdaq: AEIS) hit a new 52-week low Monday as it is currently trading at $8.07, below its previous 52-week low of $8.43 with 57,816 shares traded as of 9:35 a.m. ET. Average volume has been 721,000 shares over the past 30 days. Advanced Energy has a market cap of $394 million and is part of the technology sector and electronics industry. Shares are down 36.8% year to date as of the close of trading on Friday. Advanced Energy Industries, Inc., together with its subsidiaries, designs, manufactures, sells, and supports industrial power conversion products that transform power into various usable forms. The company has a P/E ratio of 5.7, below the average electronics industry P/E ratio of 6.1 and below the S&P 500 P/E ratio of 17.7.
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