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NEW YORK ( TheStreet) -- Nippon Telegraph & Telephone (NYSE: NTT) hit a new 52-week low Friday as it is currently trading at $21.78, below its previous 52-week low of $22.02 with 227,369 shares traded as of 2:44 p.m. ET. Average volume has been 534,100 shares over the past 30 days. Nippon Telegraph & Telephone has a market cap of $56.67 billion and is part of the technology sector and telecommunications industry. Shares are down 11.6% year to date as of the close of trading on Thursday. Nippon Telegraph and Telephone Corporation, together with its subsidiaries, provides telecommunications services to residential and corporate customers in Japan. The company has a P/E ratio of 10.9, below the average telecommunications industry P/E ratio of 11.2 and below the S&P 500 P/E ratio of 17.7.