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NEW YORK ( TheStreet) -- Universal Corporation (NYSE: UVV) hit a new 52-week high Wednesday as it is currently trading at $47.95, above its previous 52-week high of $47.70 with 142,711 shares traded as of 1:05 p.m. ET. Average volume has been 350,700 shares over the past 30 days. Universal has a market cap of $1.06 billion and is part of the consumer goods sector and tobacco industry. Shares are up 0.7% year to date as of the close of trading on Tuesday. Universal Corporation, through its subsidiaries, operates as a leaf tobacco merchant and processor primarily in North America, South America, Africa, Europe, and Asia. The company has a P/E ratio of 16.8, above the average tobacco industry P/E ratio of 16.3 and below the S&P 500 P/E ratio of 17.7.