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NEW YORK ( TheStreet) -- Measurement Specialties (Nasdaq: MEAS) hit a new 52-week high Thursday as it is currently trading at $35.23, above its previous 52-week high of $35.22 with 31,460 shares traded as of 2:01 p.m. ET. Average volume has been 89,900 shares over the past 30 days. Measurement Specialties has a market cap of $498.8 million and is part of the technology sector and electronics industry. Shares are up 16.5% year to date as of the close of trading on Wednesday. Measurement Specialties, Inc. engages in the design, development, and manufacture of sensors and sensor-based systems for original equipment manufacturers and end users. The company has a P/E ratio of 21.1, above the average electronics industry P/E ratio of 21 and above the S&P 500 P/E ratio of 17.7.