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NEW YORK ( TheStreet) -- ArthroCare Corporation (Nasdaq: ARTC) hit a new 52-week high Friday as it is currently trading at $35.77, above its previous 52-week high of $35.56 with 15,900 shares traded as of 9:40 a.m. ET. Average volume has been 178,800 shares over the past 30 days. ArthroCare has a market cap of $933 million and is part of the health care sector and health services industry. Shares are up 12.9% year to date as of the close of trading on Thursday. Arthrocare Corporation, a medical device company, develops, manufactures, and markets surgical products primarily based on its minimally invasive patented Coblation technology. The company has a P/E ratio of 33.3, below the average health services industry P/E ratio of 33.6 and above the S&P 500 P/E ratio of 17.