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NEW YORK ( TheStreet) -- Idexx Laboratories (Nasdaq: IDXX) hit a new 52-week high Friday as it is currently trading at $84.66, above its previous 52-week high of $82.91 with 58,771 shares traded as of 9:41 a.m. ET. Average volume has been 247,400 shares over the past 30 days. Idexx has a market cap of $4.6 billion and is part of the health care sector and drugs industry. Shares are up 17.7% year to date as of the close of trading on Thursday. IDEXX Laboratories, Inc. develops, manufactures, and distributes products for the veterinary and production animal markets, as well as for the water testing and dairy markets. The company has a P/E ratio of 32.6, equal to the average drugs industry P/E ratio and above the S&P 500 P/E ratio of 17.7.