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NEW YORK ( TheStreet) -- Vonage Holdings Corporation (NYSE: VG) hit a new 52-week low Wednesday as it is currently trading at $1.93, below its previous 52-week low of $1.96 with 1.1 million shares traded as of 10:40 a.m. ET. Average volume has been 2.5 million shares over the past 30 days. Vonage has a market cap of $461.8 million and is part of the technology sector and telecommunications industry. Shares are down 16.3% year to date as of the close of trading on Tuesday. 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 1.2, equal to the average telecommunications industry P/E ratio and below the S&P 500 P/E ratio of 17.7.