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NEW YORK ( TheStreet) -- VimpelCom (NYSE: VIP) hit a new 52-week low Thursday as it is currently trading at $8.79, below its previous 52-week low of $8.83 with 885,443 shares traded as of 11:16 a.m. ET. Average volume has been two million shares over the past 30 days. VimpelCom has a market cap of $14.69 billion and is part of the technology sector and telecommunications industry. Shares are down 4.1% year to date as of the close of trading on Wednesday. VimpelCom Ltd., a telecommunications service operator, provides voice and data services through a range of traditional and broadband mobile and fixed technologies. The company has a P/E ratio of 53.4, above the average telecommunications industry P/E ratio of 25.2 and above the S&P 500 P/E ratio of 17.7.