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NEW YORK ( TheStreet) -- Polaris Industries (NYSE: PII) hit a new 52-week high Wednesday as it is currently trading at $61.75, above its previous 52-week high of $61.50 with 781,251 shares traded as of 1:40 p.m. ET. Average volume has been 1.1 million shares over the past 30 days. Polaris has a market cap of $4.1 billion and is part of the consumer goods sector and automotive industry. Shares are up 51.1% year to date as of the close of trading on Tuesday. Polaris Industries Inc. designs, engineers, and manufactures off-road vehicles. It offers all terrain vehicles and side-by-side vehicles for recreational and utility use; snowmobiles; and on-road vehicles, including motorcycles and low emission vehicles. The company has a P/E ratio of 19.5, equal to the average automotive industry P/E ratio and above the S&P 500 P/E ratio of 17.7.