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NEW YORK ( TheStreet) -- Monsanto Company (NYSE: MON) hit a new 52-week high Friday as it is currently trading at $88.13, above its previous 52-week high of $87.97 with 11,362 shares traded as of 9:30 a.m. ET. Average volume has been 3.3 million shares over the past 30 days. Monsanto has a market cap of $46.05 billion and is part of the basic materials sector and chemicals industry. Shares are up 23.3% year to date as of the close of trading on Thursday. Monsanto Company, together with its subsidiaries, provides agricultural products for farmers in the United States and internationally. It operates in two segments, Seeds and Genomics, and Agricultural Productivity. The company has a P/E ratio of 21.6, above the average chemicals industry P/E ratio of 21.4 and above the S&P 500 P/E ratio of 17.7.