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NEW YORK ( TheStreet) -- Parametric Technology Corporation (Nasdaq: PMTC) hit a new 52-week low Monday as it is currently trading at $14.69, below its previous 52-week low of $14.70 with 886,606 shares traded as of 2:26 p.m. ET. Average volume has been 1.3 million shares over the past 30 days. Parametric Technology has a market cap of $1.9 billion and is part of the technology sector and computer software & services industry. Shares are down 31.7% year to date as of the close of trading on Friday. Parametric Technology Corporation develops, markets, and supports product lifecycle management (PLM) software solutions and services that help companies design products, manage product information, and improve product development processes worldwide. The company has a P/E ratio of 56.8, above the average computer software & services industry P/E ratio of 54.9 and above the S&P 500 P/E ratio of 17.7.