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NEW YORK ( TheStreet) -- Nuance Communications (Nasdaq: NUAN) hit a new 52-week high Friday as it is currently trading at $24.97, above its previous 52-week high of $24.57 with 1.8 million shares traded as of 10:06 a.m. ET. Average volume has been 3.4 million shares over the past 30 days. Nuance has a market cap of $7.3 billion and is part of the technology sector and computer software & services industry. Shares are up 31.6% year to date as of the close of trading on Thursday. Nuance Communications, Inc. provides voice and language solutions for businesses and consumers worldwide. The company has a P/E ratio of 170.9, equal to the average computer software & services industry P/E ratio and above the S&P 500 P/E ratio of 17.7.