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NEW YORK ( TheStreet) -- Mitcham Industries (Nasdaq: MIND) hit a new 52-week high Tuesday as it is currently trading at $24.47, above its previous 52-week high of $24.26 with 21,544 shares traded as of 9:35 a.m. ET. Average volume has been 178,300 shares over the past 30 days. Mitcham has a market cap of $285.6 million and is part of the services sector and diversified services industry. Shares are up 5.3% year to date as of the close of trading on Monday. Mitcham Industries, Inc., through its subsidiaries, engages in the leasing, manufacture, and sale of seismic equipment to the oil and gas industry worldwide. The company operates in two segments, Equipment Leasing and Seamap. The company has a P/E ratio of 16.7, equal to the average diversified services industry P/E ratio and below the S&P 500 P/E ratio of 17.7.