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NEW YORK ( TheStreet) -- Scholastic Corporation (Nasdaq: SCHL) hit a new 52-week high Tuesday as it traded at $31.99 compared with its previous 52-Week high of $31.97. Scholastic is changing hands at $31.31 with 1,776 shares traded as of 9:30 a.m. ET. Average volume has been 146,100 shares over the past 30 days. Scholastic has a market cap of $883.9 million and is part of the services sector and media industry. Shares are up 7.1% year to date as of the close of trading on Monday. Scholastic Corporation, together with its subsidiaries, publishes and distributes children's books, as well as the develops educational technology products in the United States and internationally. The company has a P/E ratio of 15.9, below the average media industry P/E ratio of 16.8 and above the S&P 500 P/E ratio of 15.8.