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NEW YORK ( TheStreet) -- Ebix (Nasdaq: EBIX) hit a new 52-week high Monday as it traded at $29.72 compared with its previous 52-Week high of $29.61. Ebix is changing hands at $29.66 with 288,124 shares traded as of 11:31 a.m. ET. Average volume has been 568,500 shares over the past 30 days. Ebix has a market cap of $1.1 billion and is part of the technology sector and computer software & services industry. Shares are up 18.6% year to date as of the close of trading on Friday. Ebix, Inc., together with its subsidiaries, provides software and e-commerce solutions to the insurance industry primarily in North America, Australia, New Zealand, India, and Singapore. The company has a P/E ratio of 18.3, equal to the average computer software & services industry P/E ratio and above the S&P 500 P/E ratio of 15.8.