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NEW YORK ( TheStreet) -- Cogent Communications Group Incorporated (Nasdaq: CCOI) hit a new 52-week high Monday as it is currently trading at $16.48, above its previous 52-week high of $16.44 with 12,082 shares traded as of 9:53 a.m. ET. Average volume has been 287,400 shares over the past 30 days. Cogent Communications Group has a market cap of $723.8 million and is part of the technology sector and telecommunications industry. Shares are up 14.7% year to date as of the close of trading on Friday. 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 1574.5, above the S&P 500 P/E ratio of 17.7.