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NEW YORK ( TheStreet) -- Altra Holdings Incorporated (Nasdaq: AIMC) hit a new 52-week high Tuesday as it traded at $23.25 compared with its previous 52-Week high of $23.11. Altra is changing hands at $23.18 with 78,730 shares traded as of 10:30 a.m. ET. Average volume has been 196,700 shares over the past 30 days. Altra has a market cap of $608.5 million and is part of the industrial goods sector and industrial industry. Shares are up 13.5% year to date as of the close of trading on Monday. Altra Holdings, Inc., together with its subsidiary, Altra Industrial Motion, Inc., designs, produces, and markets a range of mechanical power transmission and motion control products primarily in North America, Europe, and Asia. The company has a P/E ratio of 24.6, equal to the average industrial industry P/E ratio and above the S&P 500 P/E ratio of 16.2.