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NEW YORK ( TheStreet) -- Hi-Tech Pharmacal (Nasdaq: HITK) hit a new 52-week high Thursday as it is currently trading at $35.37, above its previous 52-week high of $35.22 with 210,320 shares traded as of 12:40 p.m. ET. Average volume has been 183,500 shares over the past 30 days. Hi-Tech Pharmacal has a market cap of $424.4 million and is part of the health care sector and drugs industry. Shares are up 34.9% year to date as of the close of trading on Wednesday. Hi Tech Pharmacal Co., Inc., a specialty pharmaceutical company, engages in developing, manufacturing, and marketing generic and prescription, over-the-counter (OTC), and nutritional products in liquid and semi-solid dosage forms in the United States. The company has a P/E ratio of 8.9, below the average drugs industry P/E ratio of 9.3 and below the S&P 500 P/E ratio of 17.7.