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NEW YORK ( TheStreet) -- Mitcham Industries (Nasdaq: MIND) hit a new 52-week high Wednesday as it is currently trading at $25, above its previous 52-week high of $24.86 with 183,624 shares traded as of 10:09 a.m. ET. Average volume has been 207,900 shares over the past 30 days. Mitcham has a market cap of $290.7 million and is part of the services sector and diversified services industry. Shares are up 12.7% year to date as of the close of trading on Tuesday. Mitcham Industries, Inc., through its subsidiaries, engages in the leasing, manufacture, and sale of seismic equipment to the oil and gas industry worldwide. The company operates in two segments, Equipment Leasing and Seamap. The company has a P/E ratio of 16.5, below the average diversified services industry P/E ratio of 17 and below the S&P 500 P/E ratio of 17.7.