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NEW YORK ( TheStreet) -- Wausau Paper Corporation (NYSE: WPP) hit a new 52-week high Wednesday as it is currently trading at $9.73, above its previous 52-week high of $9.65 with 90,679 shares traded as of 10:05 a.m. ET. Average volume has been 249,800 shares over the past 30 days. Wausau has a market cap of $423.4 million and is part of the consumer goods sector and consumer non-durables industry. Shares are up 14% year to date as of the close of trading on Tuesday. Wausau Paper Corp. manufactures, converts, and sells paper and paper products in the United States and internationally. It operates in two segments, Tissue and Paper. The company has a P/E ratio of 19.6, above the average consumer non-durables industry P/E ratio of 19.1 and above the S&P 500 P/E ratio of 17.7.