NEW YORK ( TheStreet) -- JDS Uniphase Corp (CA (Nasdaq: JDSU) hit a new 52-week low Monday as it is currently trading at $9.61, below its previous 52-week low of $9.69 with 772,261 shares traded as of 9:50 a.m. ET. Average volume has been 8.8 million shares over the past 30 days. JDS Uniphase Corp (CA has a market cap of $2.4 billion and is part of the technology sector and telecommunications industry. Shares are down 31.1% year to date as of the close of trading on Friday. JDS Uniphase Corporation provides communications test and measurement solutions, and optical products for telecommunications service providers, wireless operators, cable operators, network-equipment manufacturers, and enterprises worldwide. The company has a P/E ratio of 34.2, equal to the average telecommunications industry P/E ratio and above the S&P 500 P/E ratio of 17.7.
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