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NEW YORK ( TheStreet) -- Advisory Board Company (Nasdaq: ABCO) hit a new 52-week high Friday as it is currently trading at $80.29, above its previous 52-week high of $79.74 with 5,371 shares traded as of 10:33 a.m. ET. Average volume has been 105,200 shares over the past 30 days. Advisory Board has a market cap of $1.3 billion and is part of the services sector and diversified services industry. Shares are up 7.2% year to date as of the close of trading on Thursday. The Advisory Board Company, together with its subsidiaries, engages in the provision of best practices research and analysis, business intelligence and software tools, and management and advisory services primarily in the United States. The company has a P/E ratio of 74, above the average diversified services industry P/E ratio of 73.6 and above the S&P 500 P/E ratio of 17.7.