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NEW YORK ( TheStreet) -- Measurement Specialties (Nasdaq: MEAS) hit a new 52-week high Wednesday as it traded at $33.39 compared with its previous 52-Week high of $33.27. Measurement Specialties is changing hands at $33.36 with 173,562 shares traded as of 3:10 p.m. ET. Average volume has been 97,000 shares over the past 30 days. Measurement Specialties has a market cap of $476.8 million and is part of the technology sector and electronics industry. Shares are up 8.5% year to date as of the close of trading on Tuesday. Measurement Specialties, Inc. engages in the design, development, and manufacture of sensors and sensor-based systems for original equipment manufacturers and end users. The company has a P/E ratio of 20.2, equal to the average electronics industry P/E ratio and above the S&P 500 P/E ratio of 16.1.