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NEW YORK ( TheStreet) -- Power-One (Nasdaq: PWER) hit a new 52-week low Friday as it is currently trading at $3.55, below its previous 52-week low of $3.56 with 1.7 million shares traded as of 1:35 p.m. ET. Average volume has been 1.6 million shares over the past 30 days. Power-One has a market cap of $480.5 million and is part of the technology sector and electronics industry. Shares are up 0.8% year to date as of the close of trading on Thursday. Power-One, Inc. engages in the design, manufacture, sale, and service of power supply products for the renewable energy (RE), servers, storage and networking, telecommunications, industrials, and network power systems industries worldwide. The company has a P/E ratio of 5.5, equal to the average electronics industry P/E ratio and below the S&P 500 P/E ratio of 17.7.