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NEW YORK ( TheStreet) -- Telenav (Nasdaq: TNAV) hit a new 52-week high Wednesday as it is currently trading at $19.60, above its previous 52-week high of $18.60 with 399,962 shares traded as of 11:53 a.m. ET. Average volume has been 268,700 shares over the past 30 days. Telenav has a market cap of $736.2 million and is part of the technology sector and telecommunications industry. Shares are up 154.1% year to date as of the close of trading on Tuesday. TeleNav, Inc. provides location based services (LBS) for consumers and enterprises in the United States and internationally. The company has a P/E ratio of 17.7, below the average telecommunications industry P/E ratio of 23.3 and equal to the S&P 500 P/E ratio of 17.7.