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NEW YORK ( TheStreet) -- Cepheid (Nasdaq: CPHD) hit a new 52-week high Wednesday as it is currently trading at $41.64, above its previous 52-week high of $41 with 189,853 shares traded as of 9:50 a.m. ET. Average volume has been 775,600 shares over the past 30 days. Cepheid has a market cap of $2.4 billion and is part of the technology sector and electronics industry. Shares are up 66.3% year to date as of the close of trading on Tuesday. Cepheid, a molecular diagnostics company, engages in developing, manufacturing, and marketing integrated systems for testing in the clinical market, as well as for application in legacy biothreat, industrial, and partner markets. The company has a P/E ratio of 946, equal to the average electronics industry P/E ratio and above the S&P 500 P/E ratio of 17.7.