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NEW YORK ( TheStreet) -- Dril-Quip (NYSE: DRQ) hit a new 52-week high Monday as it is currently trading at $95.53, above its previous 52-week high of $95.44 with 39,491 shares traded as of 10:25 a.m. ET. Average volume has been 386,900 shares over the past 30 days. Dril-Quip has a market cap of $3.76 billion and is part of the basic materials sector and energy industry. Shares are up 29.3% year to date as of the close of trading on Friday. Dril-Quip, Inc. designs, manufactures, sells, and services engineered offshore drilling and production equipment for use in deepwater, harsh environment, and severe service applications worldwide. It operates in three segments: Western Hemisphere, Eastern Hemisphere, and Asia-Pacific.