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NEW YORK ( TheStreet) -- Cogent Communications Group Incorporated (Nasdaq: CCOI) hit a new 52-week high Wednesday as it is currently trading at $16.25, above its previous 52-week high of $16.14 with 97,128 shares traded as of 10:17 a.m. ET. Average volume has been 259,400 shares over the past 30 days. Cogent Communications Group has a market cap of $698.8 million and is part of the technology sector and telecommunications industry. Shares are up 10% year to date as of the close of trading on Tuesday. 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. The company has a P/E ratio of 1520, above the S&P 500 P/E ratio of 17.7.