NEW YORK ( TheStreet) -- Allegiant Travel Company (Nasdaq: ALGT) hit a new 52-week high Friday as it is currently trading at $55.72, above its previous 52-week high of $55.38 with 28,176 shares traded as of 11:15 a.m. ET. Average volume has been 93,300 shares over the past 30 days. Allegiant Travel has a market cap of $1.03 billion and is part of the services sector and transportation industry. Shares are up 3% year to date as of the close of trading on Thursday. Allegiant Travel Company, through its subsidiaries, operates as a leisure travel company in the United States. It focuses on transporting travelers in small cities to leisure destinations, Las Vegas, Orlando, Phoenix, Tampa/St. Petersburg, Los Angeles, and Ft. The company has a P/E ratio of 20.5, above the average transportation industry P/E ratio of 20.4 and above the S&P 500 P/E ratio of 17.7.
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