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NEW YORK ( TheStreet) -- Basic Sanitation Company of the State of Sa (NYSE: SBS) hit a new 52-week high Wednesday as it is currently trading at $63.46, above its previous 52-week high of $62.88 with 127,199 shares traded as of 1:09 p.m. ET. Average volume has been 205,800 shares over the past 30 days. Basic Sanitation Company of the State of Sa has a market cap of $7.06 billion and is part of the utilities sector and utilities industry. Shares are up 11.4% year to date as of the close of trading on Tuesday. Companhia de Saneamento B sico do Estado de Sao Paulo - SABESP provides water and sewage services to residential, commercial, industrial, and governmental customers in the State of Sao Paulo. The company has a P/E ratio of 13.5, below the average utilities industry P/E ratio of 15.3 and below the S&P 500 P/E ratio of 17.7.