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NEW YORK ( TheStreet) -- Panasonic Corporation (NYSE: PC) hit a new 52-week low Monday as it is currently trading at $7.62, below its previous 52-week low of $7.75 with 34,210 shares traded as of 9:38 a.m. ET. Average volume has been 399,300 shares over the past 30 days. Panasonic has a market cap of $19.75 billion and is part of the consumer goods sector and consumer durables industry. Shares are down 7.5% year to date as of the close of trading on Friday. Panasonic Corporation develops, manufactures, and sells electronic products worldwide. The company has a P/E ratio of 9.3, below the S&P 500 P/E ratio of 17.7.