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NEW YORK ( TheStreet) -- Fresh Market (Nasdaq: TFM) hit a new 52-week high Friday as it is currently trading at $47.67, above its previous 52-week high of $46.92 with 45,278 shares traded as of 10:25 a.m. ET. Average volume has been 311,000 shares over the past 30 days. Fresh Market has a market cap of $2.18 billion and is part of the services sector and retail industry. Shares are up 16.5% year to date as of the close of trading on Thursday. The Fresh Market, Inc. operates as a specialty grocery retailer. The company has a P/E ratio of 42.3, below the average retail industry P/E ratio of 70.9 and above the S&P 500 P/E ratio of 17.7.