NEW YORK ( TheStreet) -- Mediacom Communications Corporation (Nasdaq: MCCC) hit a new 52-week high Friday as it traded at $8.86 compared with its previous 52-Week high of $8.85. Mediacom is changing hands at $8.84 with 176,697 shares traded as of 10:26 a.m. ET. Average volume has been 491,600 shares over the past 30 days. Mediacom has a market cap of $363.5 million and is part of the services sector and media industry. Shares are up 4.1% year to date as of the close of trading on Thursday. Mediacom Communications Corporation develops cable systems to provide entertainment, information, and telecommunications services in the United States. The company has a P/E ratio of 0.9, equal to the average media industry P/E ratio and below the S&P 500 P/E ratio of 21.5. TheStreet Ratings rates Mediacom as a hold. The company's strengths can be seen in multiple areas, such as its notable return on equity, revenue growth and compelling growth in net income. However, as a counter to these strengths, we find that the company has not been very careful in the management of its balance sheet. You can view the full Mediacom Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center.