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NEW YORK ( TheStreet) -- Monotype Imaging Holdings (Nasdaq: TYPE) hit a new 52-week high Thursday as it is currently trading at $16.24, above its previous 52-week high of $16.23 with 90,001 shares traded as of 1:30 p.m. ET. Average volume has been 200,400 shares over the past 30 days. Monotype Imaging has a market cap of $561.1 million and is part of the technology sector and computer software & services industry. Shares are up 40.5% year to date as of the close of trading on Wednesday. Monotype Imaging Holdings Inc., through its subsidiaries, provides end-user and embedded text imaging solutions for use in print, Web, and mobile environments that enable people to create and consume content on various devices worldwide. The company has a P/E ratio of 24.7, equal to the average computer software & services industry P/E ratio and above the S&P 500 P/E ratio of 17.7.