NEW YORK ( TheStreet) -- RF Micro Devices (Nasdaq: RFMD) hit a new 52-week low Friday as it is currently trading at $3.59, below its previous 52-week low of $3.66 with 1.4 million shares traded as of 12:26 p.m. ET. Average volume has been 3.6 million shares over the past 30 days. RF Micro Devices has a market cap of $1.05 billion and is part of the technology sector and electronics industry. Shares are down 32% year to date as of the close of trading on Thursday. RF Micro Devices, Inc. designs, develops, manufactures, and markets radio frequency (RF) components and compound semiconductor technologies in the United States and internationally. The company has a P/E ratio of 30.5, above the S&P 500 P/E ratio of 17.7.
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