NEW YORK ( TheStreet) -- Rovi (Nasdaq: ROVI) hit a new 52-week low Monday as it is currently trading at $41.17, below its previous 52-week low of $41.28 with 749,419 shares traded as of 1:15 p.m. ET. Average volume has been 1.4 million shares over the past 30 days. Rovi has a market cap of $4.8 billion and is part of the technology sector and computer software & services industry. Shares are down 30.7% year to date as of the close of trading on Friday. Rovi Corporation provides digital entertainment technology solutions for the discovery and management of entertainment content. The company has a P/E ratio of 43.8, below the average computer software & services industry P/E ratio of 44.7 and above the S&P 500 P/E ratio of 17.7.
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