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NEW YORK ( TheStreet) -- ION Geophysical Corporation (NYSE: IO) hit a new 52-week low Monday as it is currently trading at $4.56, below its previous 52-week low of $4.57 with 343,913 shares traded as of 11:05 a.m. ET. Average volume has been 2.2 million shares over the past 30 days. ION Geophysical has a market cap of $797.4 million and is part of the technology sector and electronics industry. Shares are down 44.2% year to date as of the close of trading on Friday. ION Geophysical Corporation provides geophysical technology, services, and solutions for the oil and gas industry worldwide. It operates in four segments: Land Imaging Systems, Marine Imaging Systems, Data Management Solutions, and ION Solutions. The company has a P/E ratio of 19, below the average electronics industry P/E ratio of 20.6 and above the S&P 500 P/E ratio of 17.7.