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NEW YORK ( TheStreet) -- Perrigo Company (Nasdaq: PRGO) hit a new 52-week high Monday as it is currently trading at $101.14, above its previous 52-week high of $100.99 with 591,632 shares traded as of 1:50 p.m. ET. Average volume has been 840,100 shares over the past 30 days. Perrigo has a market cap of $8.9 billion and is part of the health care sector and drugs industry. Shares are up 53.4% year to date as of the close of trading on Friday. Perrigo Company, through its subsidiaries, develops, manufactures, and distributes over-the-counter (OTC) and generic prescription (Rx) pharmaceuticals, infant formulas, nutritional products, and active pharmaceutical ingredients (API) worldwide. The company has a P/E ratio of 26.5, equal to the average drugs industry P/E ratio and above the S&P 500 P/E ratio of 17.7.