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NEW YORK ( TheStreet) -- LoopNet (Nasdaq: LOOP) hit a new 52-week high Wednesday as it is currently trading at $19.07, above its previous 52-week high of $18.95 with 425,420 shares traded as of 9:35 a.m. ET. Average volume has been 300,300 shares over the past 30 days. LoopNet has a market cap of $651.7 million and is part of the financial sector and real estate industry. Shares are up 1.1% year to date as of the close of trading on Tuesday. LoopNet, Inc. owns and operates an online marketplace for commercial real estate in the United States. The company has a P/E ratio of 462, below the average real estate industry P/E ratio of 462.3 and above the S&P 500 P/E ratio of 17.7.