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NEW YORK ( TheStreet) -- PetSmart (Nasdaq: PETM) hit a new 52-week high Friday as it is currently trading at $59.10, above its previous 52-week high of $59.08 with 302,580 shares traded as of 11:15 a.m. ET. Average volume has been 892,300 shares over the past 30 days. PetSmart has a market cap of $6.31 billion and is part of the services sector and specialty retail industry. Shares are up 13.5% year to date as of the close of trading on Thursday. PetSmart, Inc., together with its subsidiaries, operates as a specialty retailer of products, services, and solutions for pets in the United States, Puerto Rico, and Canada. The company has a P/E ratio of 22.5, equal to the average specialty retail industry P/E ratio and above the S&P 500 P/E ratio of 17.7.