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NEW YORK ( TheStreet) -- Fastenal Company (Nasdaq: FAST) hit a new 52-week high Friday as it is currently trading at $53.11, above its previous 52-week high of $53.01 with 419,367 shares traded as of 11:30 a.m. ET. Average volume has been 2.2 million shares over the past 30 days. Fastenal has a market cap of $13.83 billion and is part of the industrial goods sector and materials & construction industry. Shares are up 21.4% year to date as of the close of trading on Thursday. Fastenal Company, together with its subsidiaries, operates as a wholesaler and retailer of industrial and construction supplies in the United States and internationally. The company has a P/E ratio of 43.5, above the average materials & construction industry P/E ratio of 38.7 and above the S&P 500 P/E ratio of 17.7.