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NEW YORK ( TheStreet) -- Masimo Corporation (Nasdaq: MASI) hit a new 52-week low Monday as it is currently trading at $20.54, below its previous 52-week low of $20.55 with 334,413 shares traded as of 3:15 p.m. ET. Average volume has been 601,700 shares over the past 30 days. Masimo has a market cap of $1.3 billion and is part of the health care sector and health services industry. Masimo Corporation, a medical technology company, develops, manufactures, and markets noninvasive patient monitoring products worldwide.