NEW YORK ( TheStreet) -- Alcatel-Lucent (NYSE: ALU) hit a new 52-week low Monday as it is currently trading at $1.45, below its previous 52-week low of $1.46 with 2.2 million shares traded as of 10:45 a.m. ET. Average volume has been 23.8 million shares over the past 30 days. Alcatel-Lucent has a market cap of $3.51 billion and is part of the technology sector and telecommunications industry. Shares are down 50% year to date as of the close of trading on Friday. Alcatel-Lucent, S.A. provides products, solutions, and transformation services that enable service providers, enterprises, governments, and strategic industries to deliver voice, data, and video communication services to end-users worldwide.
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