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NEW YORK ( TheStreet) -- Altra Holdings Incorporated (Nasdaq: AIMC) hit a new 52-week high Wednesday as it is currently trading at $25.21, above its previous 52-week high of $24.77 with 23,711 shares traded as of 9:35 a.m. ET. Average volume has been 201,300 shares over the past 30 days. Altra has a market cap of $647.2 million and is part of the industrial goods sector and industrial industry. Shares are up 21.3% year to date as of the close of trading on Tuesday. 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 26.2, equal to the average industrial industry P/E ratio and above the S&P 500 P/E ratio of 16.7.