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NEW YORK ( TheStreet) -- Portfolio Recovery Associates (Nasdaq: PRAA) hit a new 52-week high Thursday as it is currently trading at $87.14, above its previous 52-week high of $86.89 with 20,042 shares traded as of 11:46 a.m. ET. Average volume has been 102,400 shares over the past 30 days. Portfolio Recovery Associates has a market cap of $1.5 billion and is part of the services sector and diversified services industry. Shares are up 13.3% year to date as of the close of trading on Wednesday. Portfolio Recovery Associates, Inc. provides outsourced receivables management and related services in the United States. The company engages in the purchase, collection, and management of portfolios of defaulted consumer receivables. The company has a P/E ratio of 19.5, equal to the average diversified services industry P/E ratio and above the S&P 500 P/E ratio of 16.9.