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NEW YORK ( TheStreet) -- Shire (Nasdaq: SHPGY) hit a new 52-week high Monday as it is currently trading at $106.28, above its previous 52-week high of $105.53 with 165,459 shares traded as of 9:35 a.m. ET. Average volume has been 429,700 shares over the past 30 days. Shire has a market cap of $18.71 billion and is part of the health care sector and drugs industry. Shares are up 1% year to date as of the close of trading on Friday. Shire plc, a specialty biopharmaceutical company, engages in the research and development, manufacture, sale, and distribution of pharmaceutical products. It operates in two segments, Specialty Pharmaceuticals and Human Genetic Therapies. The company has a P/E ratio of 20.5, below the average drugs industry P/E ratio of 24.4 and above the S&P 500 P/E ratio of 17.7.