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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) -- NetApp (Nasdaq: NTAP) hit a new 52-week low Friday as it is currently trading at $27.70, below its previous 52-week low of $27.79 with 1.8 million shares traded as of 12:46 p.m. ET. Average volume has been 6.7 million shares over the past 30 days. NetApp has a market cap of $10.24 billion and is part of the technology sector and computer hardware industry. Shares are down 22.3% year to date as of the close of trading on Thursday. NetApp, Inc. engages in design, manufacture, marketing, and technical support of networked storage solutions. The company supply enterprise storage and data management software, and hardware products and services. The company has a P/E ratio of 20, equal to the average computer hardware industry P/E ratio and above the S&P 500 P/E ratio of 17.7.