NEW YORK ( TheStreet) -- Medicines (Nasdaq: MDCO) hit a new 52-week high Monday as it is currently trading at $19.47, above its previous 52-week high of $19.46 with 325,860 shares traded as of 3:40 p.m. ET. Average volume has been 550,000 shares over the past 30 days. Medicines has a market cap of $1 billion and is part of the health care sector and drugs industry. Shares are up 36% year to date as of the close of trading on Friday. The Medicines Company, a global pharmaceutical company, provides various medicines to hospitals for advancing the treatment of critical care patients primarily in the United States and Europe. The company has a P/E ratio of 7.6, above the average drugs industry P/E ratio of six and below the S&P 500 P/E ratio of 17.7.
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