NEW YORK ( TheStreet) -- Cogent Communications Group Incorporated (Nasdaq: CCOI) hit a new 52-week high Thursday as it traded at $15.58 compared with its previous 52-Week high of $15.24. Cogent Communications Group is changing hands at $15.35 with 20,086 shares traded as of 9:31 a.m. ET. Average volume has been 229,000 shares over the past 30 days. Cogent Communications Group has a market cap of $643.5 million and is part of the technology sector and telecommunications industry. Shares are down 2% year to date as of the close of trading on Wednesday. Cogent Communications Group, Inc., together with subsidiaries, provides high-speed Internet access and Internet Protocol, or communications services to small and medium-sized businesses, communications service providers, and other bandwidth-intensive organizations. TheStreet Ratings rates Cogent Communications Group as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance and compelling growth in net income. However, as a counter to these strengths, we find that the company has not been very careful in the management of its balance sheet. You can view the full Cogent Communications Group Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center.