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NEW YORK ( TheStreet) -- Lowe's Companies (NYSE: LOW) hit a new 52-week high Thursday as it is currently trading at $29.20, above its previous 52-week high of $29 with 17 million shares traded as of 2:40 p.m. ET. Average volume has been 16.5 million shares over the past 30 days. Lowe's Companies has a market cap of $33.67 billion and is part of the services sector and retail industry. Shares are up 13.8% year to date as of the close of trading on Wednesday. Lowe's Companies, Inc., together with its subsidiaries, operates as a home improvement retailer. The company offers a range of products for maintenance, repair, remodeling, home decorating, and property maintenance. The company has a P/E ratio of 19.5, below the average retail industry P/E ratio of 23.2 and above the S&P 500 P/E ratio of 17.7.