NEW YORK ( TheStreet) -- tw telecom inc (Nasdaq: TWTC) hit a new 52-week high Thursday as it is currently trading at $23.81, above its previous 52-week high of $23.79 with 615,534 shares traded as of 12:30 p.m. ET. Average volume has been 1.1 million shares over the past 30 days. Tw telecom inc has a market cap of $3.47 billion and is part of the technology sector and telecommunications industry. Shares are up 18.8% year to date as of the close of trading on Wednesday. tw telecom inc. engages in the provision of managed network services in the United States. The company offers data networking, converged, Internet protocol based virtual private network (IP VPN), and Internet access services. The company has a P/E ratio of 52.3, below the average telecommunications industry P/E ratio of 53.6 and above the S&P 500 P/E ratio of 17.7.
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