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NEW YORK ( TheStreet) -- Titan Machinery (Nasdaq: TITN) hit a new 52-week high Thursday as it is currently trading at $33.80, above its previous 52-week high of $33.39 with 553,248 shares traded as of 10:35 a.m. ET. Average volume has been 196,300 shares over the past 30 days. Titan Machinery has a market cap of $604.8 million and is part of the services sector and specialty retail industry. Shares are up 47.5% year to date as of the close of trading on Wednesday. Titan Machinery Inc. owns and operates a network of full service agricultural and construction equipment stores in the United States. It engages in the sale of new and used equipment; sale of parts; provision of repair and maintenance services; and rental of equipment. The company has a P/E ratio of 14.6, below the average specialty retail industry P/E ratio of 15.5 and below the S&P 500 P/E ratio of 17.7.