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NEW YORK ( TheStreet) -- Akorn (Nasdaq: AKRX) hit a new 52-week high Friday as it is currently trading at $9.50, above its previous 52-week high of $9.50 with 970,650 shares traded as of 2:10 p.m. ET. Average volume has been 1.1 million shares over the past 30 days. Akorn has a market cap of $853.7 million and is part of the health care sector and drugs industry. Shares are up 49.4% year to date as of the close of trading on Thursday. Akorn, Inc. engages in the manufacture and marketing of diagnostic and therapeutic pharmaceutical products, hospital drugs, and injectable pharmaceuticals in the United States and internationally. The company has a P/E ratio of 17.7, equal to the average drugs industry P/E ratio and equal to the S&P 500 P/E ratio of 17.7.