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NEW YORK ( TheStreet) -- China Unicom (Hong Kong (NYSE: CHU) hit a new 52-week low Monday as it is currently trading at $16.23, below its previous 52-week low of $16.24 with 61,870 shares traded as of 9:35 a.m. ET. Average volume has been 1.1 million shares over the past 30 days. China Unicom (Hong Kong has a market cap of $39.66 billion and is part of the technology sector and telecommunications industry. Shares are down 20.4% year to date as of the close of trading on Friday. China Unicom (Hong Kong) Limited, an investment holding company, engages in the provision of GSM and WCDMA cellular, and related telecommunications services primarily in the People's Republic of China. The company has a P/E ratio of 60.1, above the average telecommunications industry P/E ratio of 50.7 and above the S&P 500 P/E ratio of 17.7.