NEW YORK ( TheStreet) -- NIC (Nasdaq: EGOV) hit a new 52-week high Wednesday as it is currently trading at $13.23, above its previous 52-week high of $13.08 with 22,616 shares traded as of 9:41 a.m. ET. Average volume has been 298,400 shares over the past 30 days. NIC has a market cap of $806.7 million and is part of the technology sector and internet industry. Shares are up 34.5% year to date as of the close of trading on Tuesday. NIC Inc. provides eGovernment services that enable governments use the Internet to provide various services to businesses and citizens in the United States. It operates in two segments, Portal Outsourcing, and Software and Services. The company has a P/E ratio of 40.7, equal to the average internet industry P/E ratio and above the S&P 500 P/E ratio of 17.7.
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