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NEW YORK ( TheStreet) -- Encore Wire Corporation (Nasdaq: WIRE) hit a new 52-week high Thursday as it is currently trading at $29.96, above its previous 52-week high of $29.90 with 21,529 shares traded as of 10:15 a.m. ET. Average volume has been 78,700 shares over the past 30 days. Encore Wire has a market cap of $637 million and is part of the technology sector and electronics industry. Shares are up 13.9% year to date as of the close of trading on Wednesday. Encore Wire Corporation manufactures and sells copper electrical building wires and cables primarily in the United States. The company has a P/E ratio of 17.2, above the average electronics industry P/E ratio of 16.5 and below the S&P 500 P/E ratio of 17.7.