NEW YORK ( TheStreet) -- Morgan Stanley (NYSE: MS) hit a new 52-week high Thursday as it is currently trading at $27.55, above its previous 52-week high of $27.17 with 5.2 million shares traded as of 9:35 a.m. ET. Average volume has been 18.5 million shares over the past 30 days. Morgan Stanley has a market cap of $51.71 billion and is part of the financial sector and financial services industry. Shares are up 38.8% year to date as of the close of trading on Wednesday. Morgan Stanley, a financial holding company, provides various financial products and services to corporations, governments, financial institutions, and individuals worldwide.