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NEW YORK ( TheStreet) -- Westinghouse Air Brake Technologies (NYSE: WAB) hit a new 52-week high Wednesday as it is currently trading at $72.50, above its previous 52-week high of $72.43 with 256,918 shares traded as of 3:50 p.m. ET. Average volume has been 244,000 shares over the past 30 days. Westinghouse Air Brake has a market cap of $3.41 billion and is part of the services sector and transportation industry. Shares are up 0.4% year to date as of the close of trading on Tuesday. Westinghouse Air Brake Technologies Corporation, doing business as Wabtec Corporation, provides technology-based products and services for the freight rail and passenger transit industries worldwide. The company has a P/E ratio of 22.2, equal to the average transportation industry P/E ratio and above the S&P 500 P/E ratio of 17.7.