NEW YORK ( TheStreet) -- Perrigo Company (Nasdaq: PRGO) hit a new 52-week high Thursday as it is currently trading at $104.84, above its previous 52-week high of $104.70 with 393,802 shares traded as of 10:05 a.m. ET. Average volume has been 1.2 million shares over the past 30 days. Perrigo has a market cap of $9.09 billion and is part of the health care sector and drugs industry. Shares are up 5.9% year to date as of the close of trading on Wednesday. Perrigo Company, through its subsidiaries, develops, manufactures, and distributes over-the-counter (OTC) and generic prescription (Rx) pharmaceuticals, infant formulas, nutritional products, and active pharmaceutical ingredients (API) worldwide. The company has a P/E ratio of 27.1, below the average drugs industry P/E ratio of 27.3 and above the S&P 500 P/E ratio of 17.7.
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