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NEW YORK ( TheStreet) -- Equinix (Nasdaq: EQIX) hit a new 52-week high Thursday as it is currently trading at $122.42, above its previous 52-week high of $122.24 with 784,372 shares traded as of 3:39 p.m. ET. Average volume has been 696,100 shares over the past 30 days. Equinix has a market cap of $5.5 billion and is part of the technology sector and telecommunications industry. Shares are up 19.9% year to date as of the close of trading on Wednesday. Equinix, Inc. provides data center services for the protection and connection of information assets to enterprises, financial service companies, and content and network service providers worldwide. The company has a P/E ratio of 72.3, above the average telecommunications industry P/E ratio of 69.4 and above the S&P 500 P/E ratio of 17.7.