NEW YORK ( TheStreet) -- EchoStar Corporation (Nasdaq: SATS) hit a new 52-week high Friday as it traded at $37.18 compared with its previous 52-Week high of $37.03. EchoStar is changing hands at $36.71 with 11,111 shares traded as of 10:06 a.m. ET. Average volume has been 334,000 shares over the past 30 days. EchoStar has a market cap of $1.3 billion and is part of the technology sector and telecommunications industry. Shares are up 43.5% year to date as of the close of trading on Thursday. EchoStar Corporation engages in the design, development, and distribution of digital set-top boxes and related products for direct-to-home satellite service providers. The company has a P/E ratio of 14.7, equal to the average telecommunications industry P/E ratio and below the S&P 500 P/E ratio of 16.
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