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NEW YORK ( TheStreet) -- Viasat (Nasdaq: VSAT) hit a new 52-week high Friday as it is currently trading at $49.23, above its previous 52-week high of $49.20 with 204,475 shares traded as of 1:29 p.m. ET. Average volume has been 238,200 shares over the past 30 days. Viasat has a market cap of $2.03 billion and is part of the technology sector and telecommunications industry. Shares are up 5.2% year to date as of the close of trading on Thursday. ViaSat, Inc. designs, produces, and markets satellite and other wireless communication, and networking systems for government and commercial customers. The company has a P/E ratio of 61, above the average telecommunications industry P/E ratio of 59.6 and above the S&P 500 P/E ratio of 17.7.