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NEW YORK ( TheStreet) -- Lear Corporation (NYSE: LEA) hit a new 52-week high Monday as it is currently trading at $61.53, above its previous 52-week high of $61.51 with 386,859 shares traded as of 11 a.m. ET. Average volume has been 999,700 shares over the past 30 days. Lear has a market cap of $5.5 billion and is part of the consumer goods sector and automotive industry. Shares are up 29.1% year to date as of the close of trading on Friday. Lear Corporation designs, manufactures, assembles, and supplies automotive seat systems, electrical distribution systems, and related components primarily to automotive original equipment manufacturers. It operates in two segments, Seating and Electrical Power Management Systems (EPMS). The company has a P/E ratio of 4.8, below the S&P 500 P/E ratio of 17.7.