NEW YORK ( TheStreet) -- Fred's (Nasdaq: FRED) hit a new 52-week high Monday as it is currently trading at $14.92, above its previous 52-week high of $14.89 with 10,184 shares traded as of 9:50 a.m. ET. Average volume has been 299,100 shares over the past 30 days. Fred's has a market cap of $544.8 million and is part of the services sector and retail industry. Shares are up 1.2% year to date as of the close of trading on Friday. Fred's, Inc. and its subsidiaries sell general merchandise through retail discount stores and pharmacies in the southeastern United States. The company has a P/E ratio of 17.9, equal to the average retail industry P/E ratio and above the S&P 500 P/E ratio of 17.7.
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