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NEW YORK ( TheStreet) -- MEMC Electronic Materials (NYSE: WFR) hit a new 52-week low Monday as it is currently trading at $3.64, below its previous 52-week low of $3.65 with 2.9 million shares traded as of 11:20 a.m. ET. Average volume has been 8.4 million shares over the past 30 days. MEMC Electronic has a market cap of $1.04 billion and is part of the technology sector and electronics industry. Shares are down 3.6% year to date as of the close of trading on Friday. MEMC Electronic Materials, Inc. engages in the development, manufacture, and sale of silicon wafers for the semiconductor industry worldwide.