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NEW YORK ( TheStreet) -- Parexel International Corporation (Nasdaq: PRXL) hit a new 52-week high Wednesday as it is currently trading at $28.09, above its previous 52-week high of $27.91 with 50,070 shares traded as of 9:35 a.m. ET. Average volume has been 415,700 shares over the past 30 days. Parexel International has a market cap of $1.24 billion and is part of the health care sector and health services industry. Shares are up 31.4% year to date as of the close of trading on Tuesday. PAREXEL International Corporation, a biopharmaceutical services company, provides a range of clinical research, medical communications, consulting, commercialization, and technology products and services to the pharmaceutical, biotechnology, and medical device industries worldwide. The company has a P/E ratio of 46, above the average health services industry P/E ratio of 31.4 and above the S&P 500 P/E ratio of 17.7.