NEW YORK ( TheStreet) -- Polaris Industries (NYSE: PII) hit a new 52-week high Thursday as it traded at $81.90 compared with its previous 52-Week high of $81.88. Polaris is changing hands at $81.44 with 61,558 shares traded as of 10:06 a.m. ET. Average volume has been 331,800 shares over the past 30 days. Polaris has a market cap of $2.7 billion and is part of the consumer goods sector and automotive industry. Shares are up 3.2% year to date as of the close of trading on Wednesday. Polaris Industries Inc. designs, engineers, and manufactures off-road vehicles. It offers all terrain vehicles and side-by-side vehicles for recreational and utility use; snowmobiles; and on-road vehicles, including motorcycles and low emission vehicles. The company has a P/E ratio of 18.7, equal to the average automotive industry P/E ratio and above the S&P 500 P/E ratio of 15.9. TheStreet Ratings rates Polaris as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth, compelling growth in net income, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Polaris Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center.