NEW YORK ( TheStreet) -- Astec Industries (Nasdaq: ASTE) hit a new 52-week high Thursday as it traded at $37.24 compared with its previous 52-Week high of $36.94. Astec is changing hands at $37.18 with 15,533 shares traded as of 10:06 a.m. ET. Average volume has been 120,800 shares over the past 30 days. Astec has a market cap of $814.9 million and is part of the industrial goods sector and industrial industry. Shares are up 12.8% year to date as of the close of trading on Wednesday. Astec Industries, Inc. engages in the design, engineering, manufacture, and marketing of equipment and components used in road building, utility, and related construction activities worldwide. The company has a P/E ratio of 25.3, equal to the average industrial industry P/E ratio and above the S&P 500 P/E ratio of 16.2.
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