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NEW YORK ( TheStreet) -- Quidel Corporation (Nasdaq: QDEL) hit a new 52-week high Friday as it is currently trading at $16.34, above its previous 52-week high of $16.30 with 15,725 shares traded as of 9:45 a.m. ET. Average volume has been 167,100 shares over the past 30 days. Quidel has a market cap of $515.2 million and is part of the health care sector and drugs industry. Shares are up 12.5% year to date as of the close of trading on Thursday. Quidel Corporation, together with its subsidiaries, engages in the development, manufacture, and marketing of diagnostic testing solutions for applications primarily in infectious diseases, and reproductive and women's health. The company has a P/E ratio of 517.7, below the average drugs industry P/E ratio of 776.5 and above the S&P 500 P/E ratio of 17.7.