NEW YORK ( TheStreet) -- Titan Machinery (Nasdaq: TITN) hit a new 52-week high Wednesday as it traded at $27.08 compared with its previous 52-Week high of $27. Titan Machinery is changing hands at $26.98 with 7,501 shares traded as of 10:07 a.m. ET. Average volume has been 209,000 shares over the past 30 days. Titan Machinery has a market cap of $477.4 million and is part of the services sector and specialty retail industry. Shares are up 39.5% year to date as of the close of trading on Tuesday. Titan Machinery Inc. owns and operates networks of full service agricultural and construction equipment stores. It engages in new and used equipment sales; parts sales; repair and maintenance services; and equipment rental and other activities. The company has a P/E ratio of 31.4, equal to the average specialty retail industry P/E ratio and above the S&P 500 P/E ratio of 23.4. TheStreet Ratings rates Titan Machinery as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, growth in earnings per share and increase in net income. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated. You can view the full Titan Machinery Ratings Report.