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NEW YORK ( TheStreet) -- Teledyne Technologies (NYSE: TDY) hit a new 52-week high Wednesday as it is currently trading at $55.06, above its previous 52-week high of $55 with 9,505 shares traded as of 9:35 a.m. ET. Average volume has been 232,500 shares over the past 30 days. Teledyne has a market cap of $2 billion and is part of the industrial goods sector and aerospace/defense industry. Shares are up 23.8% year to date as of the close of trading on Tuesday. Teledyne Technologies Incorporated provides instrumentation, digital imaging products and software, aerospace and defense electronics, and engineered systems in the United States and internationally. The company has a P/E ratio of 14.5, above the average aerospace/defense industry P/E ratio of eight and below the S&P 500 P/E ratio of 17.7.