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NEW YORK ( TheStreet) -- Molina Healthcare (NYSE: MOH) hit a new 52-week high Monday as it is currently trading at $34.52, above its previous 52-week high of $34.51 with 208,091 shares traded as of 11:10 a.m. ET. Average volume has been 369,700 shares over the past 30 days. Molina Healthcare has a market cap of $1.3 billion and is part of the health care sector and health services industry. Shares are up 50% year to date as of the close of trading on Friday. Molina Healthcare, Inc. provides Medicaid-related solutions to meet the health care needs of low-income families and individuals, as well as assists state agencies in their administration of the Medicaid program. The company has a P/E ratio of 21.8, above the average health services industry P/E ratio of 18.3 and above the S&P 500 P/E ratio of 17.7.