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NEW YORK ( TheStreet) -- MEMC Electronic Materials (NYSE: WFR) hit a new 52-week low Tuesday as it is currently trading at $1.49, below its previous 52-week low of $1.52 with 4.2 million shares traded as of 2:55 p.m. ET. Average volume has been 7.3 million shares over the past 30 days. MEMC Electronic has a market cap of $397 million and is part of the technology sector and electronics industry. Shares are down 59.6% year to date as of the close of trading on Monday. MEMC Electronic Materials, Inc. engages in the development, manufacture, and sale of silicon wafers for the semiconductor industry worldwide. The company operates in two segments, Semiconductor Materials and Solar Energy.