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NEW YORK ( TheStreet) -- Fastenal Company (Nasdaq: FAST) hit a new 52-week high Thursday as it is currently trading at $37.93, above its previous 52-week high of $37.78 with 2.5 million shares traded as of 2:35 p.m. ET. Average volume has been 3.1 million shares over the past 30 days. Fastenal has a market cap of $10.6 billion and is part of the industrial goods sector and materials & construction industry. Shares are up 19.8% year to date as of the close of trading on Wednesday. The Company Is Engaged As A Wholesaler And Retailer Of Industrial And Construction Supplies. The company has a P/E ratio of 31.7, above the average materials & construction industry P/E ratio of 31.5 and above the S&P 500 P/E ratio of 17.7.