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NEW YORK ( TheStreet) -- Colfax Corporation (NYSE: CFX) hit a new 52-week high Thursday as it is currently trading at $34.34, above its previous 52-week high of $34.12 with 1.1 million shares traded as of 3:29 p.m. ET. Average volume has been 710,900 shares over the past 30 days. Colfax has a market cap of $1.39 billion and is part of the industrial goods sector and industrial industry. Shares are up 15.3% year to date as of the close of trading on Wednesday. Colfax Corporation engages in the design, manufacture, and marketing of fluid handling products to commercial marine, oil and gas, power generation, defense, and general industrial sectors worldwide. The company has a P/E ratio of 24.9, below the average industrial industry P/E ratio of 48.4 and above the S&P 500 P/E ratio of 17.7.