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NEW YORK ( TheStreet) -- Moody's Corporation (NYSE: MCO) hit a new 52-week high Thursday as it is currently trading at $41.99, above its previous 52-week high of $41.93 with 1.1 million shares traded as of 3:40 p.m. ET. Average volume has been 2.1 million shares over the past 30 days. Moody's has a market cap of $8.19 billion and is part of the services sector and diversified services industry. Shares are up 23.2% year to date as of the close of trading on Wednesday. Moody's Corporation, through its subsidiaries, provides credit ratings, research, and analysis covering fixed-income securities, other debt instruments, and the entities that issue such instruments in the global capital markets. The company has a P/E ratio of 16.7, above the average diversified services industry P/E ratio of 13.9 and below the S&P 500 P/E ratio of 17.7.