NEW YORK ( TheStreet) -- EchoStar (Nasdaq: SATS) hit a new 52-week low Wednesday as it is currently trading at $20.21, below its previous 52-week low of $20.22 with 52,141 shares traded as of 11 a.m. ET. Average volume has been 191,900 shares over the past 30 days. EchoStar has a market cap of $805.2 million and is part of the technology sector and telecommunications industry. Shares are down 16.4% year to date as of the close of trading on Tuesday. EchoStar Corporation engages in the design, development, and distribution of digital set-top boxes and related products for direct-to-home satellite and cable providers. The company has a P/E ratio of 9.4, below the average telecommunications industry P/E ratio of 115.1 and below the S&P 500 P/E ratio of 17.7.
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