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Sk Telecom Corporati (NYSE:SKM) shares hit a new 52-week high during mid-day trading on Tuesday , American Banking News reports. The company traded as high as $29.82 and last traded at $29.71, with a volume of 646,168 shares changing hands. The stock had previously closed at $29.07.

The stock’s 50-day moving average is $27.11 and its 200-day moving average is $23.92. The company has a market cap of $18.980 billion and a price-to-earnings ratio of 11.54.

SK Telecom Co, Ltd. (NYSE:SKM) is a Korea-based wireless telecommunications services provider.

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