NEW YORK ( TheStreet) -- Research in Motion (Nasdaq: RIMM) hit a new 52-week low Tuesday as it is currently trading at $12.55, below its previous 52-week low of $12.80 with 22.2 million shares traded as of 12:40 p.m. ET. Average volume has been 22.3 million shares over the past 30 days. Research in Motion has a market cap of $7 billion and is part of the technology sector and telecommunications industry. Shares are down 77.8% year to date as of the close of trading on Monday. Research In Motion Limited (RIM) designs, manufactures, and markets wireless solutions for the worldwide mobile communications market. The company has a P/E ratio of 3.2, above the average telecommunications industry P/E ratio of 2.5 and below the S&P 500 P/E ratio of 17.7.
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