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NEW YORK ( TheStreet) -- Panasonic (NYSE: PC) hit a new 52-week low Monday as it is currently trading at $8.38, below its previous 52-week low of $8.42 with 13,505 shares traded as of 9:39 a.m. ET. Average volume has been 301,300 shares over the past 30 days. Panasonic has a market cap of $19.95 billion and is part of the consumer goods sector and consumer durables industry. Shares are down 38.6% year to date as of the close of trading on Friday. Panasonic Corporation develops, manufactures, and sells electronic products worldwide. The company has a P/E ratio of 10.3, below the S&P 500 P/E ratio of 17.7.