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NEW YORK ( TheStreet) -- Measurement Specialties (Nasdaq: MEAS) hit a new 52-week high Tuesday as it is currently trading at $36.78, above its previous 52-week high of $36.45 with 6,508 shares traded as of 9:31 a.m. ET. Average volume has been 88,100 shares over the past 30 days. Measurement Specialties has a market cap of $539.3 million and is part of the technology sector and electronics industry. Shares are up 22.9% year to date as of the close of trading on Friday. 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 22.8, above the average electronics industry P/E ratio of 22.7 and above the S&P 500 P/E ratio of 17.7.