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NEW YORK ( TheStreet) -- Marvell Technology Group (Nasdaq: MRVL) hit a new 52-week low Monday as it is currently trading at $11.21, below its previous 52-week low of $11.23 with 4.9 million shares traded as of 11:30 a.m. ET. Average volume has been 10.8 million shares over the past 30 days. Marvell Technology Group has a market cap of $6.42 billion and is part of the technology sector and electronics industry. Shares are down 17.5% year to date as of the close of trading on Friday. Marvell Technology Group Ltd. designs, develops, and markets analog, mixed-signal, digital signal processing, and embedded and standalone ARM-based microprocessor integrated circuits. The company has a P/E ratio of 12.3, equal to the average electronics industry P/E ratio and below the S&P 500 P/E ratio of 17.7.