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NEW YORK ( TheStreet) -- Allot Communications (Nasdaq: ALLT) hit a new 52-week high Tuesday as it is currently trading at $19.38, above its previous 52-week high of $19.15 with 402,273 shares traded as of 10:50 a.m. ET. Average volume has been 457,800 shares over the past 30 days. Allot has a market cap of $378.2 million and is part of the technology sector and computer software & services industry. Shares are up 19.3% year to date as of the close of trading on Monday. Allot Communications Ltd. engages in developing, selling, and marketing Internet protocol service optimization and revenue generation solutions in Europe, the Middle East, Africa, the Americas, Asia, and Oceania. The company has a P/E ratio of 45.7, above the S&P 500 P/E ratio of 17.7.