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NEW YORK ( TheStreet) -- Churchill Downs (Nasdaq: CHDN) hit a new 52-week high Thursday as it is currently trading at $47.22, above its previous 52-week high of $46.95 with 24,223 shares traded as of 12:20 p.m. ET. Average volume has been 53,700 shares over the past 30 days. Churchill Downs has a market cap of $743.6 million and is part of the services sector and leisure industry. Shares are up 3.1% year to date as of the close of trading on Wednesday. Churchill Downs Incorporated owns and operates pari-mutuel wagering properties and businesses in the United States. It offers gaming products through its slot and video poker operations in Louisiana and Florida. The company has a P/E ratio of 21.2, below the average leisure industry P/E ratio of 21.8 and above the S&P 500 P/E ratio of 17.7.