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NEW YORK ( TheStreet) -- Watsco (NYSE: WSO) hit a new 52-week high Wednesday as it is currently trading at $74.53, above its previous 52-week high of $74.13 with 31,048 shares traded as of 9:40 a.m. ET. Average volume has been 239,600 shares over the past 30 days. Watsco has a market cap of $1.94 billion and is part of the services sector and wholesale industry. Shares are up 10.9% year to date as of the close of trading on Tuesday. Watsco, Inc., together with its subsidiaries, engages in the distribution of air conditioning, heating, and refrigeration equipment in the United States. The company has a P/E ratio of 26.2, above the average wholesale industry P/E ratio of 25.9 and above the S&P 500 P/E ratio of 17.7.