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NEW YORK ( TheStreet) -- Cambrex Corporation (NYSE: CBM) hit a new 52-week high Friday as it is currently trading at $8.16, above its previous 52-week high of $8.12 with 189,043 shares traded as of 1:40 p.m. ET. Average volume has been 291,200 shares over the past 30 days. Cambrex has a market cap of $227.3 million and is part of the health care sector and drugs industry. Shares are up 7.8% year to date as of the close of trading on Thursday. Cambrex Corporation, a life sciences company, provides various products and services for the development and commercialization of new and generic therapeutics. It primarily involves in the custom development and manufacture of pharmaceutical ingredients derived from organic chemistry. The company has a P/E ratio of 14.6, below the average drugs industry P/E ratio of 15.4 and below the S&P 500 P/E ratio of 17.7.