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NEW YORK ( TheStreet) -- Motorola Solutions (NYSE: MSI) hit a new 52-week high Thursday as it is currently trading at $47.98, above its previous 52-week high of $47.91 with 467,257 shares traded as of 11:30 a.m. ET. Average volume has been 2.3 million shares over the past 30 days. Motorola has a market cap of $15.13 billion and is part of the technology sector and telecommunications industry. Shares are up 2.5% year to date as of the close of trading on Wednesday. Motorola Solutions, Inc. provides business and mission critical communication products and services for enterprise and government customers worldwide. The company has a P/E ratio of 21.6, above the average telecommunications industry P/E ratio of 12.7 and above the S&P 500 P/E ratio of 17.7.