NEW YORK ( TheStreet) -- Vonage Holdings Corporation (NYSE: VG) hit a new 52-week low Tuesday as it is currently trading at $2.01, below its previous 52-week low of $2.04 with 980,467 shares traded as of 11:15 a.m. ET. Average volume has been 1.8 million shares over the past 30 days. Vonage has a market cap of $521 million and is part of the technology sector and telecommunications industry. Shares are down 13.9% year to date as of the close of trading on Monday. Vonage Holdings Corp. provides broadband communication services in the United States, Canada, and the United Kingdom. The company offers voice and messaging services through session initiation protocol (SIP) based voice over Internet protocol network. The company has a P/E ratio of 1.3, below the average telecommunications industry P/E ratio of 46.2 and below the S&P 500 P/E ratio of 17.7.
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