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NEW YORK ( TheStreet) -- Pegasystems (Nasdaq: PEGA) hit a new 52-week low Monday as it is currently trading at $26.82, below its previous 52-week low of $26.87 with 32,121 shares traded as of 11 a.m. ET. Average volume has been 315,600 shares over the past 30 days. Pegasystems has a market cap of $1.05 billion and is part of the technology sector and computer software & services industry. Shares are down 8% year to date as of the close of trading on Friday. Pegasystems Inc. develops, markets, licenses, and supports software to automate business processes primarily in the United States, the United Kingdom, and Europe. The company has a P/E ratio of 155.4, equal to the average computer software & services industry P/E ratio and above the S&P 500 P/E ratio of 17.7.