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NEW YORK ( TheStreet) -- Allergan (NYSE: AGN) hit a new 52-week high Thursday as it is currently trading at $89.82, above its previous 52-week high of $89.58 with 73,664 shares traded as of 9:55 a.m. ET. Average volume has been 1.6 million shares over the past 30 days. Allergan has a market cap of $26.99 billion and is part of the health care sector and drugs industry. Shares are up 1.8% year to date as of the close of trading on Wednesday. Allergan, Inc. operates as a multi-specialty healthcare company primarily in the United States, Europe, Latin America, and the Asia Pacific. The company has a P/E ratio of 29.7, equal to the average drugs industry P/E ratio and above the S&P 500 P/E ratio of 17.7.