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NEW YORK ( TheStreet) -- Cerner Corporation (Nasdaq: CERN) hit a new 52-week high Friday as it is currently trading at $78.54, above its previous 52-week high of $78.53 with 1.7 million shares traded as of 12:49 p.m. ET. Average volume has been 1.1 million shares over the past 30 days. Cerner has a market cap of $12.38 billion and is part of the technology sector and computer software & services industry. Shares are up 18.8% year to date as of the close of trading on Thursday. Cerner Corporation designs, develops, markets, installs, hosts, and supports healthcare information technology, healthcare devices, and content solutions for healthcare organizations and consumers worldwide. The company has a P/E ratio of 41.3, equal to the average computer software & services industry P/E ratio and above the S&P 500 P/E ratio of 17.7.