NEW YORK ( TheStreet) -- Jazz Pharmaceuticals (Nasdaq: JAZZ) hit a new 52-week high Monday as it is currently trading at $47.98, above its previous 52-week high of $47.88 with 878,073 shares traded as of 1:25 p.m. ET. Average volume has been 716,000 shares over the past 30 days.

Jazz has a market cap of $1.75 billion and is part of the health care sector and drugs industry. Shares are up 17.5% year to date as of the close of trading on Friday.

Jazz Pharmaceuticals, Inc., a specialty pharmaceutical company, engages in the identification, development, and commercialization of pharmaceutical products to meet unmet medical needs. The company has a P/E ratio of 16.7, equal to the average drugs industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Jazz as a buy. The company's strengths can be seen in multiple areas, such as its notable return on equity, robust revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance and impressive record of earnings per share growth. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full Jazz Ratings Report.

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