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NEW YORK ( TheStreet) -- China Telecom (NYSE: CHA) hit a new 52-week low Wednesday as it is currently trading at $49.61, below its previous 52-week low of $49.75 with 21,211 shares traded as of 10:49 a.m. ET. Average volume has been 87,600 shares over the past 30 days. China Telecom has a market cap of $41.05 billion and is part of the technology sector and telecommunications industry. Shares are down 11.2% year to date as of the close of trading on Tuesday. China Telecom Corporation Limited, together with its subsidiaries, provides wireline and mobile telecommunications services in the People's Republic of China. The company has a P/E ratio of 15.7, below the average telecommunications industry P/E ratio of 16 and below the S&P 500 P/E ratio of 17.7.