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NEW YORK ( TheStreet) -- MEMC Electronic Materials (NYSE: WFR) hit a new 52-week low Tuesday as it is currently trading at $3.48, below its previous 52-week low of $3.50 with one million shares traded as of 9:55 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 8.6% year to date as of the close of trading on Monday. MEMC Electronic Materials, Inc. engages in the development, manufacture, and sale of silicon wafers for the semiconductor industry worldwide. The company operates in two segments, Semiconductor Materials and Solar Energy.