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NEW YORK ( TheStreet) -- Gap (NYSE: GPS) hit a new 52-week high Thursday as it is currently trading at $28, above its previous 52-week high of $27.99 with 2.2 million shares traded as of 12:35 p.m. ET. Average volume has been eight million shares over the past 30 days. Gap has a market cap of $13.33 billion and is part of the services sector and retail industry. Shares are up 50.4% year to date as of the close of trading on Wednesday. The Gap, Inc. operates as a specialty retailer. The company offers apparel, accessories, and personal care products for men, women, children, and babies under the Gap, Old Navy, Banana Republic, Piperlime, and Athleta brand names. The company has a P/E ratio of 17.4, equal to the average retail industry P/E ratio and below the S&P 500 P/E ratio of 17.7.