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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) -- VeriFone Systems (NYSE: PAY) hit a new 52-week low Friday as it is currently trading at $17.07, below its previous 52-week low of $17.08 with 6.7 million shares traded as of 3:10 p.m. ET. Average volume has been 2.7 million shares over the past 30 days. VeriFone Systems has a market cap of $2.38 billion and is part of the consumer goods sector and consumer durables industry. Shares are down 41.5% year to date as of the close of trading on Thursday. Verifone Systems, Inc. designs, markets, and services electronic payment solutions worldwide. The company has a P/E ratio of 31.6, above the S&P 500 P/E ratio of 17.7.