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NEW YORK ( TheStreet) -- Seagate Technology (Nasdaq: STX) hit a new 52-week low Monday as it is currently trading at $9.90, below its previous 52-week low of $9.96 with 2.6 million shares traded as of 10:55 a.m. ET. Average volume has been 9.9 million shares over the past 30 days. Seagate Technology has a market cap of $4.5 billion and is part of the technology sector and computer hardware industry. Shares are down 31.6% year to date as of the close of trading on Friday. Seagate Technology Public Limited Company designs, manufactures, markets, and sells hard disk drives for enterprise, client compute, and client non-compute market applications worldwide. The company has a P/E ratio of 9.8, equal to the average computer hardware industry P/E ratio and below the S&P 500 P/E ratio of 17.7.