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NEW YORK ( TheStreet) -- SK Telecom (NYSE: SKM) hit a new 52-week low Wednesday as it is currently trading at $11.79, below its previous 52-week low of $11.94 with 388,664 shares traded as of 9:35 a.m. ET. Average volume has been 2.1 million shares over the past 30 days. SK Telecom has a market cap of $7.6 billion and is part of the technology sector and telecommunications industry. Shares are down 10.3% year to date as of the close of trading on Tuesday. SK Telecom Co., Ltd. provides wireless telecommunications services principally in Korea. The company has a P/E ratio of 5.7, equal to the average telecommunications industry P/E ratio and below the S&P 500 P/E ratio of 17.7.