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NEW YORK ( TheStreet) -- Conmed Corporation (Nasdaq: CNMD) hit a new 52-week high Friday as it is currently trading at $29.23, above its previous 52-week high of $29.14 with 117,236 shares traded as of 2:46 p.m. ET. Average volume has been 103,400 shares over the past 30 days. Conmed has a market cap of $789.6 million and is part of the health care sector and health services industry. Shares are up 7.8% year to date as of the close of trading on Thursday. CONMED Corporation, a medical technology company, provides surgical devices and equipment for minimally invasive procedures and monitoring. The company has a P/E ratio of 25.1, above the average health services industry P/E ratio of 24.9 and above the S&P 500 P/E ratio of 17.7.