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NEW YORK ( TheStreet) -- Oclaro (Nasdaq: OCLR) hit a new 52-week low Thursday as it is currently trading at $2.65, below its previous 52-week low of $2.68 with 1.4 million shares traded as of 3:55 p.m. ET. Average volume has been 882,800 shares over the past 30 days. Oclaro has a market cap of $151.3 million and is part of the technology sector and electronics industry. Shares are up 3.5% year to date as of the close of trading on Wednesday. Oclaro, Inc. offers optical network components, modules, and subsystems to telecommunications equipment manufacturers. The company designs, manufactures, and markets products that generate, detect, amplify, combine, and separate light signals in telecommunications networks.