NEW YORK ( TheStreet) -- Loral Space & Communications (Nasdaq: LORL) hit a new 52-week high Thursday as it is currently trading at $81.63, above its previous 52-week high of $80.56 with 8,227 shares traded as of 9:34 a.m. ET. Average volume has been 49,300 shares over the past 30 days. Loral Space has a market cap of $1.44 billion and is part of the technology sector and telecommunications industry. Shares are up 22.3% year to date as of the close of trading on Wednesday. Loral Space & Communications Inc. operates as a satellite communications company. The company has a P/E ratio of 20.3, above the average telecommunications industry P/E ratio of five and above the S&P 500 P/E ratio of 17.7.
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