NEW YORK ( TheStreet) -- VimpelCom (NYSE: VIP) hit a new 52-week low Friday as it is currently trading at $7.68, below its previous 52-week low of $8.38 with 4.1 million shares traded as of 11:50 a.m. ET. Average volume has been two million shares over the past 30 days. VimpelCom has a market cap of $14.05 billion and is part of the technology sector and telecommunications industry. Shares are down 7.8% year to date as of the close of trading on Thursday. VimpelCom Ltd., a telecommunications service operator, provides voice and data services through a range of traditional and broadband mobile and fixed technologies. The company has a P/E ratio of 50.9, below the average telecommunications industry P/E ratio of 57.9 and above the S&P 500 P/E ratio of 17.7.
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