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NEW YORK ( TheStreet) -- Lancaster Colony Corporation (Nasdaq: LANC) hit a new 52-week high Friday as it is currently trading at $71.24, above its previous 52-week high of $70.81 with 63,711 shares traded as of 10:04 a.m. ET. Average volume has been 113,500 shares over the past 30 days. Lancaster Colony has a market cap of $1.86 billion and is part of the consumer goods sector and food & beverage industry. Shares are up 23.3% year to date as of the close of trading on Thursday. Lancaster Colony Corporation engages in the manufacture and marketing of consumer products focusing primarily on specialty foods for the retail and foodservice markets in the United States. The company operates in two segments, Specialty Foods, and Glassware and Candles. The company has a P/E ratio of 17.9, equal to the average food & beverage industry P/E ratio and above the S&P 500 P/E ratio of 17.7.