NEW YORK ( TheStreet) -- Merit Medical Systems (Nasdaq: MMSI) hit a new 52-week high Wednesday as it is currently trading at $21.36, above its previous 52-week high of $21.29 with 429,065 shares traded as of 3:52 p.m. ET. Average volume has been 200,300 shares over the past 30 days. Merit Medical Systems has a market cap of $579.9 million and is part of the health care sector and health services industry. Shares are up 29.3% year to date as of the close of trading on Tuesday. 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 47.3, equal to the average health services industry P/E ratio and above the S&P 500 P/E ratio of 16.6.
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