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NEW YORK ( TheStreet) -- Watsco (NYSE: WSO) hit a new 52-week high Wednesday as it is currently trading at $73.47, above its previous 52-week high of $73.38 with 168,405 shares traded as of 12 p.m. ET. Average volume has been 239,600 shares over the past 30 days. Watsco has a market cap of $1.94 billion and is part of the services sector and wholesale industry. Shares are up 10% year to date as of the close of trading on Tuesday. Watsco, Inc., together with its subsidiaries, distributes air conditioning, heating and refrigeration equipment, and related parts and supplies in the United States. The company has a P/E ratio of 26.9, above the average wholesale industry P/E ratio of 25.9 and above the S&P 500 P/E ratio of 17.7.