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NEW YORK ( TheStreet) -- Merit Medical Systems (Nasdaq: MMSI) hit a new 52-week high Friday as it traded at $19.90 compared with its previous 52-Week high of $19.84. Merit Medical Systems is changing hands at $19.87 with 70,603 shares traded as of 11:47 a.m. ET. Average volume has been 171,100 shares over the past 30 days. Merit Medical Systems has a market cap of $543.7 million and is part of the health care sector and health services industry. Shares are up 23.6% year to date as of the close of trading on Thursday. Merit Medical Systems, Inc. designs, develops, manufactures, and markets single-use medical products for interventional and diagnostic procedures worldwide. The company's cardiology and radiology products include percutaneous coronary interventions and percutaneous peripheral interventions. The company has a P/E ratio of 44.4, equal to the average health services industry P/E ratio and above the S&P 500 P/E ratio of 16.