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NEW YORK ( TheStreet) -- MetroPCS Communications (NYSE: PCS) hit a new 52-week low Monday as it is currently trading at $6, below its previous 52-week low of $6.02 with 3.4 million shares traded as of 3:55 p.m. ET. Average volume has been 5.6 million shares over the past 30 days. MetroPCS has a market cap of $2.26 billion and is part of the technology sector and telecommunications industry. Shares are down 29% year to date as of the close of trading on Friday. MetroPCS Communications, Inc., a wireless telecommunications carrier, together with its subsidiaries, provides wireless broadband mobile services in the United States. The company has a P/E ratio of 8.5, equal to the average telecommunications industry P/E ratio and below the S&P 500 P/E ratio of 17.7.