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NEW YORK ( TheStreet) -- Iridium Communications (Nasdaq: IRDM) hit a new 52-week low Monday as it is currently trading at $6.13, below its previous 52-week low of $6.14 with 75,157 shares traded as of 10:55 a.m. ET. Average volume has been 464,900 shares over the past 30 days. Iridium has a market cap of $467.8 million and is part of the technology sector and telecommunications industry. Shares are down 24.8% year to date as of the close of trading on Friday. Iridium Communications Inc. provides mobile voice and data communications services through satellites to businesses, the U.S. and foreign governments, non-governmental organizations, and consumers worldwide. The company has a P/E ratio of 11.6, equal to the average telecommunications industry P/E ratio and below the S&P 500 P/E ratio of 17.7.