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NEW YORK ( TheStreet) -- Signet Jewelers (NYSE: SIG) hit a new 52-week high Thursday as it is currently trading at $48.46, above its previous 52-week high of $48.44 with 275,712 shares traded as of 3:55 p.m. ET. Average volume has been 1.2 million shares over the past 30 days. Signet Jewelers has a market cap of $4.1 billion and is part of the services sector and specialty retail industry. Shares are up 7.4% year to date as of the close of trading on Wednesday. Signet Jewelers Limited operates as a specialty jewelry retailer in the United States, the United Kingdom, the Republic of Ireland, and the Channel Islands. The company retails jewelry, watches, and associated services. The company has a P/E ratio of 14.9, equal to the average specialty retail industry P/E ratio and below the S&P 500 P/E ratio of 17.7.