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NEW YORK ( TheStreet) -- Monster Beverage (Nasdaq: MNST) hit a new 52-week high Tuesday as it is currently trading at $59.99, above its previous 52-week high of $59.93 with 20,491 shares traded as of 9:30 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 29.3% year to date as of the close of trading on Monday. Monster Beverage Corporation, through its subsidiaries, develops, markets, sells, and distributes alternative beverage category beverages in the United States and internationally. The company has a P/E ratio of 38.9, below the average food & beverage industry P/E ratio of 44.9 and above the S&P 500 P/E ratio of 17.7.