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NEW YORK ( TheStreet) -- Cogent Communications Group (Nasdaq: CCOI) hit a new 52-week high Monday as it is currently trading at $19.60, above its previous 52-week high of $19.49 with 49,273 shares traded as of 10 a.m. ET. Average volume has been 517,600 shares over the past 30 days. Cogent Communications Group has a market cap of $694.5 million and is part of the technology sector and telecommunications industry. Shares are up 11.6% year to date as of the close of trading on Friday. Cogent Communications Group, Inc. provides high-speed Internet access, Internet Protocol, and communications services primarily to small and medium-sized businesses, communications service providers, and other bandwidth-intensive organizations in North America, Europe, and Japan. The company has a P/E ratio of 111, below the average telecommunications industry P/E ratio of 151.5 and above the S&P 500 P/E ratio of 17.7.