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NEW YORK ( TheStreet) -- Polycom (Nasdaq: PLCM) hit a new 52-week low Monday as it is currently trading at $9.87, below its previous 52-week low of $9.91 with 328,527 shares traded as of 10:25 a.m. ET. Average volume has been four million shares over the past 30 days. Polycom has a market cap of $1.89 billion and is part of the technology sector and telecommunications industry. Shares are down 36.7% year to date as of the close of trading on Friday. Polycom, Inc. provides communications equipment that enables businesses, telecommunications service providers, governmental and educational institutions, and healthcare customers to conduct video, voice, data, and Web communications. The company has a P/E ratio of 16.6, above the average telecommunications industry P/E ratio of 16.3 and below the S&P 500 P/E ratio of 17.7.