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NEW YORK ( TheStreet) -- Under Armour (NYSE: UA) hit a new 52-week high Tuesday as it is currently trading at $82.96, above its previous 52-week high of $82.95 with 2.7 million shares traded as of 11:26 a.m. ET. Average volume has been 1.5 million shares over the past 30 days. Under Armour has a market cap of $2.9 billion and is part of the consumer goods sector and consumer non-durables industry. Shares are up 39.2% year to date as of the close of trading on Monday. Under Armour, Inc. develops, markets, and distributes performance apparel, footwear, and accessories for men, women, and youth worldwide. It offers products made from moisture-wicking synthetic fabrics designed to regulate body temperature. The company has a P/E ratio of 49.4, equal to the average consumer non-durables industry P/E ratio and above the S&P 500 P/E ratio of 17.7.