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NEW YORK ( TheStreet) -- Fresh Market (Nasdaq: TFM) hit a new 52-week high Tuesday as it is currently trading at $49.60, above its previous 52-week high of $49.58 with 88,672 shares traded as of 1:14 p.m. ET. Average volume has been 311,000 shares over the past 30 days. Fresh Market has a market cap of $2.18 billion and is part of the services sector and retail industry. Shares are up 22.5% year to date as of the close of trading on Monday. The Fresh Market, Inc. operates as a specialty grocery retailer. The company has a P/E ratio of 45, below the average retail industry P/E ratio of 70.9 and above the S&P 500 P/E ratio of 17.7.