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NEW YORK ( TheStreet) -- Allegiant Travel Company (Nasdaq: ALGT) hit a new 52-week high Thursday as it is currently trading at $55.27, above its previous 52-week high of $55.23 with 169 shares traded as of 9:30 a.m. ET. Average volume has been 124,900 shares over the past 30 days. Allegiant Travel has a market cap of $1.03 billion and is part of the services sector and transportation industry. Shares are up 11.2% year to date as of the close of trading on Wednesday. Allegiant Travel Company, through its subsidiaries, operates as a leisure travel company in the United States. It focuses on transporting travelers in small cities to leisure destinations, Las Vegas, Orlando, Phoenix, Tampa/St. Petersburg, Los Angeles, and Ft. The company has a P/E ratio of 20.6, above the average transportation industry P/E ratio of 20.4 and above the S&P 500 P/E ratio of 17.7.