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NEW YORK ( TheStreet) -- Telecom Italia SpA (NYSE: TI) hit a new 52-week low Tuesday as it is currently trading at $8.16, below its previous 52-week low of $8.17 with 287,375 shares traded as of 12:49 p.m. ET. Average volume has been 380,800 shares over the past 30 days. Telecom Italia SpA has a market cap of $16.33 billion and is part of the technology sector and telecommunications industry. Shares are down 18.4% year to date as of the close of trading on Monday. Telecom Italia S.p.A., together with its subsidiaries, provides fixed-line and mobile telecommunications, Internet, and media services. It also operates in the sector of office products and services for information technology.