NEW YORK ( TheStreet) -- MetroPCS Communications Inc (NYSE: PCS) hit a new 52-week low Friday as it is currently trading at $7.79, below its previous 52-week low of $7.86 with 3.4 million shares traded as of 1:46 p.m. ET. Average volume has been 8.3 million shares over the past 30 days. MetroPCS has a market cap of $3 billion and is part of the technology sector and telecommunications industry. Shares are down 31.9% year to date as of the close of trading on Thursday. MetroPCS Communications, Inc., a wireless telecommunications carrier, together with its subsidiaries, provides wireless broadband mobile services in the United States. The company has a P/E ratio of 13.2, above the average telecommunications industry P/E ratio of 13 and below the S&P 500 P/E ratio of 17.7.
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