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NEW YORK ( TheStreet) -- Panasonic (NYSE: PC) hit a new 52-week low Thursday as it is currently trading at $7.84, below its previous 52-week low of $8 with 68,408 shares traded as of 9:34 a.m. ET. Average volume has been 402,200 shares over the past 30 days. Panasonic has a market cap of $19.05 billion and is part of the consumer goods sector and consumer durables industry. Shares are down 3.1% year to date as of the close of trading on Wednesday. Panasonic Corporation develops, manufactures, and sells electronic products worldwide. The company has a P/E ratio of 9.6, below the S&P 500 P/E ratio of 17.7.