NEW YORK ( TheStreet) -- STEC (Nasdaq: STEC) hit a new 52-week low Monday as it is currently trading at $8.04, below its previous 52-week low of $8.05 with 278,699 shares traded as of 1:05 p.m. ET. Average volume has been 700,900 shares over the past 30 days. STEC has a market cap of $383.4 million and is part of the technology sector and computer hardware industry. Shares are down 4.4% 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 16.6, equal to the average computer hardware industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
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