NEW YORK ( TheStreet ) -- Moody's Corporation (NYSE: MCO ) hit a new 52-week high Friday as it traded at $31.05 compared with its previous 52-Week high of $31.04. Moody's is changing hands at $31.04 with 1.8 million shares traded as of 3:16 p.m. ET. Average volume has been 2.5 million shares over the past 30 days. Moody's has a market cap of $7 billion and is part of the financial sector and financial services industry. Shares are up 12.1% year to date as of the close of trading on Thursday. Moody's Corporation, through its subsidiaries, provides credit ratings, research, and analysis covering fixed-income securities, other debt instruments, and the entities that issue such instruments in the global capital markets. The company has a P/E ratio of 14, above the average financial services industry P/E ratio of 13.8 and below the S&P 500 P/E ratio of 22.6. TheStreet Ratings rates Moody's as a hold.