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NEW YORK ( TheStreet) -- Rubicon Technology (Nasdaq: RBCN) hit a new 52-week low Tuesday as it is currently trading at $9.24, below its previous 52-week low of $9.25 with 207,333 shares traded as of 11:30 a.m. ET. Average volume has been 462,900 shares over the past 30 days. Rubicon Technology has a market cap of $235.5 million and is part of the technology sector and electronics industry. Shares are down 54.3% year to date as of the close of trading on Monday. Rubicon Technology, Inc. develops, manufactures, and sells monocrystalline sapphire and other crystalline products for light-emitting diodes (LED), radio frequency integrated circuits (RFICs), blue laser diodes, optoelectronics, and other optical applications. The company has a P/E ratio of 4.7, equal to the average electronics industry P/E ratio and below the S&P 500 P/E ratio of 17.7.