NEW YORK ( TheStreet) -- Marvell Technology Group (Nasdaq: MRVL) hit a new 52-week low Friday as it is currently trading at $10.86, below its previous 52-week low of $10.87 with 2.2 million shares traded as of 11:05 a.m. ET. Average volume has been 11.2 million shares over the past 30 days. Marvell Technology Group has a market cap of $6.27 billion and is part of the technology sector and electronics industry. Shares are down 20.3% year to date as of the close of trading on Thursday. 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, equal to the average electronics industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
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