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NEW YORK ( TheStreet) -- Comverse Technology (Nasdaq: CMVT) hit a new 52-week low Monday as it is currently trading at $5.88, below its previous 52-week low of $5.90 with 451,929 shares traded as of 10:05 a.m. ET. Average volume has been 2.3 million shares over the past 30 days. Comverse Technology has a market cap of $1.34 billion and is part of the technology sector and telecommunications industry. Shares are down 10.9% year to date as of the close of trading on Friday. Comverse Technology, Inc., through its subsidiaries, provides software-based products, systems, and related services for wireless, wireline, and cable network communication service providers.