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NEW YORK ( TheStreet) -- MEMC Electronic Materials (NYSE: WFR) hit a new 52-week low Wednesday as it is currently trading at $2.12, below its previous 52-week low of $2.13 with 3.5 million shares traded as of 2:20 p.m. ET. Average volume has been seven million shares over the past 30 days. MEMC Electronic has a market cap of $524 million and is part of the technology sector and electronics industry. Shares are down 41.4% year to date as of the close of trading on Tuesday. MEMC Electronic Materials, Inc. engages in the development, manufacture, and sale of silicon wafers for the semiconductor industry worldwide. The company operates in two segments, Semiconductor Materials and Solar Energy.