NEW YORK ( TheStreet) -- GT Advanced Technologies (Nasdaq: GTAT) hit a new 52-week low Tuesday as it is currently trading at $4.21, below its previous 52-week low of $4.24 with 1.2 million shares traded as of 12:05 p.m. ET. Average volume has been 2.9 million shares over the past 30 days. GT Advanced has a market cap of $537.7 million and is part of the technology sector and electronics industry. Shares are down 40.9% year to date as of the close of trading on Monday. GT Advanced Technologies Inc. provides polysilicon production technology and multicrystalline ingot growth systems, and related photovoltaic (PV) manufacturing services for the solar industry worldwide. It also offers sapphire growth systems and material for the LED and other specialty markets. The company has a P/E ratio of 2.6, below the average electronics industry P/E ratio of 3.7 and below the S&P 500 P/E ratio of 17.7.
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