NEW YORK ( TheStreet) -- EchoStar Corporation (Nasdaq: SATS) hit a new 52-week high Thursday as it is currently trading at $38.13, above its previous 52-week high of $38.12 with 65,201 shares traded as of 11:07 a.m. ET. Average volume has been 191,100 shares over the past 30 days. EchoStar has a market cap of $1.4 billion and is part of the technology sector and telecommunications industry. Shares are up 51.9% year to date as of the close of trading on Wednesday. EchoStar Corporation engages in the design, development, and distribution of digital set-top boxes and related products for direct-to-home satellite service providers. The company has a P/E ratio of 21.4, below the average telecommunications industry P/E ratio of 21.5 and above the S&P 500 P/E ratio of 17.7.
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