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NEW YORK ( TheStreet) -- China Telecom (NYSE: CHA) hit a new 52-week low Friday as it is currently trading at $46.17, below its previous 52-week low of $46.19 with 5,735 shares traded as of 10:27 a.m. ET. Average volume has been 86,100 shares over the past 30 days. China Telecom has a market cap of $37.95 billion and is part of the technology sector and telecommunications industry. Shares are down 17.9% year to date as of the close of trading on Thursday. China Telecom Corporation Limited, together with its subsidiaries, provides wireline and mobile telecommunications services in the People's Republic of China. The company has a P/E ratio of 14.5, below the average telecommunications industry P/E ratio of 14.8 and below the S&P 500 P/E ratio of 17.7.