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NEW YORK ( TheStreet) -- Alaska Communications Systems Group (Nasdaq: ALSK) hit a new 52-week low Wednesday as it is currently trading at $2.96, below its previous 52-week low of $3.14 with one million shares traded as of 12:55 p.m. ET. Average volume has been one million shares over the past 30 days. Alaska Communications Systems Group has a market cap of $148.7 million and is part of the technology sector and telecommunications industry. Shares are down 71.7% year to date as of the close of trading on Tuesday. Alaska Communications Systems Group, Inc., through its subsidiaries, provides integrated communications services in the State of Alaska. It operates in two segments, Wireline and Wireless.