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NEW YORK ( TheStreet) -- Discovery Communications (Nasdaq: DISCK) hit a new 52-week high Thursday as it is currently trading at $48.65, above its previous 52-week high of $48.52 with 23,612 shares traded as of 9:55 a.m. ET. Average volume has been 517,700 shares over the past 30 days. Discovery has a market cap of $5.08 billion and is part of the services sector and media industry. Shares are up 28.2% year to date as of the close of trading on Wednesday. Discovery Communications, Inc. operates as a non fiction media and entertainment company worldwide. The company provides original and purchased programming across various distribution platforms. The company has a P/E ratio of 17.1, below the S&P 500 P/E ratio of 17.7.