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NEW YORK ( TheStreet) -- 99 Cents Only Stores (NYSE: NDN) hit a new 52-week high Tuesday as it is currently trading at $21.85, above its previous 52-week high of $21.84 with 160,249 shares traded as of 10:16 a.m. ET. Average volume has been two million shares over the past 30 days. Ninety-nine Cents Only Stores has a market cap of $1.53 billion and is part of the services sector and retail industry. Shares are up 36.5% year to date as of the close of trading on Monday. Ninety-nine Only Stores engages in the retail sale of consumable general merchandise with focus on name-brand products. Its stores offer a range of consumer goods and closeout merchandise. The company has a P/E ratio of 19.9, above the average retail industry P/E ratio of 19.7 and above the S&P 500 P/E ratio of 17.7.