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NEW YORK ( TheStreet) -- Monster Beverage (Nasdaq: MNST) hit a new 52-week high Friday as it is currently trading at $58.18, above its previous 52-week high of $57.93 with 289,594 shares traded as of 10:30 a.m. ET. Average volume has been 834,400 shares over the past 30 days. Monster Beverage has a market cap of $9.26 billion and is part of the consumer goods sector and food & beverage industry. Shares are up 24.7% year to date as of the close of trading on Thursday. Monster Beverage Corporation, through its subsidiaries, develops, markets, sells, and distributes beverages in the United States and internationally. The company has a P/E ratio of 37.4, below the average food & beverage industry P/E ratio of 44.9 and above the S&P 500 P/E ratio of 17.7.