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NEW YORK ( TheStreet) -- Canadian Solar (Nasdaq: CSIQ) hit a new 52-week low Thursday as it is currently trading at $2.78, below its previous 52-week low of $3 with 328,577 shares traded as of 9:50 a.m. ET. Average volume has been 1.1 million shares over the past 30 days. Canadian Solar has a market cap of $134.5 million and is part of the technology sector and electronics industry. Shares are down 75.8% year to date as of the close of trading on Wednesday. Canadian Solar Inc. engages in the design, development, manufacture, and sale of solar power products in Canada and internationally. The company offers solar cell and solar module products that convert sunlight into electricity for various uses. The company has a P/E ratio of 2.3, equal to the average electronics industry P/E ratio and below the S&P 500 P/E ratio of 17.7.