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NEW YORK ( TheStreet) -- Companhia Brasiliera de Distribuicao (NYSE: CBD) hit a new 52-week high Thursday as it is currently trading at $44.40, above its previous 52-week high of $44.36 with 191,590 shares traded as of 3:25 p.m. ET. Average volume has been 558,100 shares over the past 30 days. Companhia Brasiliera de Distribuicao has a market cap of $11.3 billion and is part of the services sector and retail industry. Shares are up 2.9% year to date as of the close of trading on Wednesday. Companhia Brasileira de Distribuicao operates as a retailer of food, clothing, home appliances, and other products through its chain of hypermarkets, supermarkets, and specialized and department stores primarily in Brazil. The company has a P/E ratio of 48.5, above the average retail industry P/E ratio of 25.6 and above the S&P 500 P/E ratio of 16.4.