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NEW YORK ( TheStreet) -- Pegasystems (Nasdaq: PEGA) hit a new 52-week low Wednesday as it is currently trading at $27.54, below its previous 52-week low of $28.15 with 21,503 shares traded as of 10:10 a.m. ET. Average volume has been 328,700 shares over the past 30 days. Pegasystems has a market cap of $1.08 billion and is part of the technology sector and computer software & services industry. Shares are down 21.9% year to date as of the close of trading on Tuesday. Pegasystems Inc. develops, markets, licenses, and supports software to automate business processes primarily in the United States, the United Kingdom, and Europe. The company has a P/E ratio of 158.7, equal to the average computer software & services industry P/E ratio and above the S&P 500 P/E ratio of 17.7.