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NEW YORK ( TheStreet) -- Masimo Corporation (Nasdaq: MASI) hit a new 52-week low Monday as it is currently trading at $18.03, below its previous 52-week low of $18.08 with 868,754 shares traded as of 3:05 p.m. ET. Average volume has been 511,900 shares over the past 30 days. Masimo has a market cap of $1.24 billion and is part of the health care sector and health services industry. Shares are down 33.5% year to date as of the close of trading on Friday. Masimo Corporation, a medical technology company, develops, manufactures, and markets noninvasive patient monitoring products worldwide. The company has a P/E ratio of 19.2, equal to the average health services industry P/E ratio and above the S&P 500 P/E ratio of 17.7.