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NEW YORK ( TheStreet) -- Ruddick Corporation (NYSE: RDK) hit a new 52-week high Wednesday as it traded at $40.04 compared with its previous 52-Week high of $39.99. Ruddick is changing hands at $39.59 with 59,812 shares traded as of 11:06 a.m. ET. Average volume has been 268,900 shares over the past 30 days. Ruddick has a market cap of $1.9 billion and is part of the services sector and retail industry. Shares are up 8% year to date as of the close of trading on Tuesday. Ruddick Corporation, through its subsidiaries, operates a regional chain of supermarkets in the southeastern and mid-Atlantic United States. The company has a P/E ratio of 15, equal to the average retail industry P/E ratio and below the S&P 500 P/E ratio of 16.8.