NEW YORK ( TheStreet) -- Corning Inc (NYSE: GLW) hit a new 52-week low Monday as it is currently trading at $11.89, below its previous 52-week low of $11.90 with 7.4 million shares traded as of 11:06 a.m. ET. Average volume has been 20.9 million shares over the past 30 days. Corning has a market cap of $19.9 billion and is part of the technology sector and electronics industry. Shares are down 36% year to date as of the close of trading on Friday. Corning Incorporated manufactures and processes specialty glass and ceramics products worldwide. It operates in five segments: Display Technologies, Telecommunications, Environmental Technologies, Specialty Materials, and Life Sciences. The company has a P/E ratio of six, equal to the average electronics industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
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