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NEW YORK ( TheStreet) -- News (Nasdaq: NWS) hit a new 52-week high Thursday as it is currently trading at $20.80, above its previous 52-week high of $20.79 with 2.9 million shares traded as of 1:05 p.m. ET. Average volume has been 2.3 million shares over the past 30 days. News has a market cap of $15.67 billion and is part of the services sector and media industry. Shares are up 7.8% year to date as of the close of trading on Wednesday. News Corporation operates as a diversified media company worldwide. The company has a P/E ratio of 17.5, below the S&P 500 P/E ratio of 17.7.