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NEW YORK ( TheStreet) -- tw telecom inc (Nasdaq: TWTC) hit a new 52-week high Monday as it is currently trading at $22.89, above its previous 52-week high of $22.87 with 526,371 shares traded as of 9:55 a.m. ET. Average volume has been 649,700 shares over the past 30 days. Tw telecom inc has a market cap of $2.98 billion and is part of the technology sector and telecommunications industry. Shares are up 14.6% year to date as of the close of trading on Friday. tw telecom inc. engages in the provision of managed network services in the United States. The company offers data networking, converged, Internet protocol based virtual private network (IP VPN), and Internet access services. The company has a P/E ratio of 58.2, above the average telecommunications industry P/E ratio of 48.7 and above the S&P 500 P/E ratio of 17.7.