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NEW YORK ( TheStreet) -- Haynes International (Nasdaq: HAYN) hit a new 52-week high Thursday as it is currently trading at $61.39, above its previous 52-week high of $61.09 with 28,406 shares traded as of 10:25 a.m. ET. Average volume has been 142,400 shares over the past 30 days. Haynes International has a market cap of $711.5 million and is part of the basic materials sector and metals & mining industry. Shares are up 43.8% year to date as of the close of trading on Wednesday. Haynes International Inc. develops, manufactures, markets, and distributes high-performance nickel-and cobalt-based alloys in sheet, coil, and plate forms for use in the various industries worldwide. The company has a P/E ratio of 34.3, equal to the average metals & mining industry P/E ratio and above the S&P 500 P/E ratio of 17.7.