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NEW YORK ( TheStreet) -- PetSmart (Nasdaq: PETM) hit a new 52-week high Thursday as it is currently trading at $48.12, above its previous 52-week high of $48 with 725,473 shares traded as of 3:16 p.m. ET. Average volume has been 1.3 million shares over the past 30 days. PetSmart has a market cap of $5.3 billion and is part of the services sector and specialty retail industry. Shares are up 17% year to date as of the close of trading on Wednesday. PetSmart, Inc., together with its subsidiaries, operates as a specialty retailer of products, services, and solutions for pets in North America. The company has a P/E ratio of 20.4, equal to the average specialty retail industry P/E ratio and above the S&P 500 P/E ratio of 17.7.