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NEW YORK ( TheStreet) -- Kadant (NYSE: KAI) hit a new 52-week high Tuesday as it is currently trading at $33.22, above its previous 52-week high of $32.99 with 169,900 shares traded as of 2:56 p.m. ET. Average volume has been 94,400 shares over the past 30 days. Kadant has a market cap of $395.8 million and is part of the consumer goods sector and consumer non-durables industry. Shares are up 35.2% year to date as of the close of trading on Monday. Kadant Inc. develops, manufactures, and markets equipment and products for the papermaking and paper recycling industries. The company has a P/E ratio of 19.3, below the average consumer non-durables industry P/E ratio of 19.4 and above the S&P 500 P/E ratio of 17.7.