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Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model. NEW YORK ( TheStreet) -- Marvell Technology Group (Nasdaq: MRVL) hit a new 52-week low Wednesday as it is currently trading at $8.88, below its previous 52-week low of $8.95 with 505,542 shares traded as of 9:40 a.m. ET. Average volume has been 10.8 million shares over the past 30 days. Marvell Technology Group has a market cap of $5.13 billion and is part of the technology sector and electronics industry. Shares are down 35% year to date as of the close of trading on Tuesday. 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 11.8, equal to the average electronics industry P/E ratio and below the S&P 500 P/E ratio of 17.7.