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NEW YORK ( TheStreet) -- Align Technology (Nasdaq: ALGN) hit a new 52-week high Monday as it is currently trading at $27.77, above its previous 52-week high of $27.75 with 263,019 shares traded as of 12:20 p.m. ET. Average volume has been 667,700 shares over the past 30 days. Align Technology has a market cap of $1.96 billion and is part of the health care sector and health services industry. Shares are up 13% year to date as of the close of trading on Friday. Align Technology, Inc. designs, manufactures, and markets the invisalign system for treating malocclusion or the misalignment of teeth. Invisalign corrects malocclusion using a series of clear, nearly invisible, removable appliances that gently move teeth to a desired final position. The company has a P/E ratio of 31.5, below the average health services industry P/E ratio of 35.6 and above the S&P 500 P/E ratio of 17.7.