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NEW YORK ( TheStreet) -- 99 Cents Only Stores (NYSE: NDN) hit a new 52-week high Thursday as it is currently trading at $21.42, above its previous 52-week high of $21.41 with 2.2 million shares traded as of 11:15 a.m. ET. Average volume has been 1.3 million shares over the past 30 days. Ninety-nine Cents Only Stores has a market cap of $1.5 billion and is part of the services sector and retail industry. Shares are up 34.2% year to date as of the close of trading on Wednesday. Ninety-nine Only Stores engages in the retail sale of consumable general merchandise with focus on name-brand products. Its stores offer a range of consumer goods, and closeout merchandise. The company has a P/E ratio of 20.2, above the average retail industry P/E ratio of 20 and above the S&P 500 P/E ratio of 17.7.