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NEW YORK ( TheStreet) -- STEC (Nasdaq: STEC) hit a new 52-week low Monday as it is currently trading at $8.23, below its previous 52-week low of $8.32 with 77,746 shares traded as of 9:55 a.m. ET. Average volume has been 764,100 shares over the past 30 days. STEC has a market cap of $416.7 million and is part of the technology sector and computer hardware industry. Shares are down 1.2% year to date as of the close of trading on Friday. STEC, Inc. designs, manufactures, and markets enterprise-class solid-state drives (SSDs), flash cards, and flash modules for use in high-performance enterprise applications, and high-density DRAM modules for networking, communications, and industrial applications. The company has a P/E ratio of 17.3, below the average computer hardware industry P/E ratio of 18 and below the S&P 500 P/E ratio of 17.7.