NEW YORK ( TheStreet) -- Rovi (Nasdaq: ROVI) hit a new 52-week low Monday as it is currently trading at $27.09, below its previous 52-week low of $27.45 with 44,305 shares traded as of 9:36 a.m. ET. Average volume has been 1.9 million shares over the past 30 days. Rovi has a market cap of $3.04 billion and is part of the technology sector and computer software & services industry. Shares are down 55.5% 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 39.9, below the average computer software & services industry P/E ratio of 41.8 and above the S&P 500 P/E ratio of 17.7.
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