NEW YORK ( TheStreet) -- Research in Motion (Nasdaq: RIMM) hit a new 52-week low Thursday as it is currently trading at $12.32, below its previous 52-week low of $12.45 with six million shares traded as of 10:05 a.m. ET. Average volume has been 19.4 million shares over the past 30 days. Research in Motion has a market cap of $7.07 billion and is part of the technology sector and telecommunications industry. Shares are down 11.7% year to date as of the close of trading on Wednesday. Research In Motion Limited designs, manufactures, and markets wireless solutions for the mobile communications market worldwide. The company has a P/E ratio of 6.1, equal to the average telecommunications industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
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