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NEW YORK ( TheStreet) -- Smart Balance (Nasdaq: SMBL) hit a new 52-week high Thursday as it is currently trading at $7.55, above its previous 52-week high of $7.50 with 71,379 shares traded as of 10:04 a.m. ET. Average volume has been 335,300 shares over the past 30 days. Smart Balance has a market cap of $418.5 million and is part of the consumer goods sector and food & beverage industry. Shares are up 26.1% year to date as of the close of trading on Wednesday. Smart Balance, Inc., a consumer food products company, engages in the marketing of functional food products primarily in the United States and Canada. The company has a P/E ratio of 44.4, equal to the average food & beverage industry P/E ratio and above the S&P 500 P/E ratio of 17.7.