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NEW YORK ( TheStreet) -- Microsoft Corporation (Nasdaq: MSFT) hit a new 52-week high Thursday as it is currently trading at $32.05, above its previous 52-week high of $32 with 35 million shares traded as of 11:35 a.m. ET. Average volume has been 55.1 million shares over the past 30 days. Microsoft has a market cap of $246.19 billion and is part of the technology sector and computer software & services industry. Shares are up 22.3% year to date as of the close of trading on Wednesday. Microsoft Corporation develops, licenses, and supports a range of software products and services for various computing devices worldwide. The company has a P/E ratio of 11.5, above the average computer software & services industry P/E ratio of 10.7 and below the S&P 500 P/E ratio of 17.7.