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NEW YORK ( TheStreet) -- Madison Square Garden (Nasdaq: MSG) hit a new 52-week high Friday as it is currently trading at $35, above its previous 52-week high of $34.99 with 137,554 shares traded as of 1:54 p.m. ET. Average volume has been 371,100 shares over the past 30 days. Madison Square Garden has a market cap of $2.13 billion and is part of the services sector and media industry. Shares are up 21.2% year to date as of the close of trading on Thursday. The Madison Square Garden Company, together with its subsidiaries, operates in the sports, entertainment, and media businesses primarily in the United States. The company operates in three segments: MSG Media, MSG Entertainment, and MSG Sports. The company has a P/E ratio of 32.9, below the average media industry P/E ratio of 95.3 and above the S&P 500 P/E ratio of 17.7.