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NEW YORK ( TheStreet) -- Kennametal (NYSE: KMT) hit a new 52-week high Thursday as it is currently trading at $46.76, above its previous 52-week high of $46.73 with 64,225 shares traded as of 9:50 a.m. ET. Average volume has been 837,800 shares over the past 30 days. Kennametal has a market cap of $3.44 billion and is part of the industrial goods sector and industrial industry. Shares are up 26.2% year to date as of the close of trading on Wednesday. Kennametal Inc. manufactures and supplies tooling, engineered components, and advanced materials consumed in production processes worldwide. The company has a P/E ratio of 12.7, below the average industrial industry P/E ratio of 13.5 and below the S&P 500 P/E ratio of 17.7.