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NEW YORK ( TheStreet) -- BorgWarner (NYSE: BWA) hit a new 52-week high Thursday as it is currently trading at $87, above its previous 52-week high of $86.98 with 635,742 shares traded as of 3:40 p.m. ET. Average volume has been two million shares over the past 30 days. BorgWarner has a market cap of $8.34 billion and is part of the consumer goods sector and automotive industry. Shares are up 34.1% year to date as of the close of trading on Wednesday. BorgWarner Inc. manufactures and sells engineered automotive systems and components primarily for powertrain applications worldwide. The company's Engine segment offers turbochargers, emissions systems, thermal systems, diesel cold start and gasoline ignition technology, and cabin heaters. The company has a P/E ratio of 19.2, above the average automotive industry P/E ratio of 17.5 and above the S&P 500 P/E ratio of 17.7.