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NEW YORK ( TheStreet) -- Medidata Solutions (Nasdaq: MDSO) hit a new 52-week high Tuesday as it is currently trading at $28.93, above its previous 52-week high of $27.96 with 219,471 shares traded as of 10:15 a.m. ET. Average volume has been 284,400 shares over the past 30 days. Medidata has a market cap of $637.2 million and is part of the technology sector and computer software & services industry. Shares are up 19.1% year to date as of the close of trading on Monday. Medidata Solutions, Inc. provides software-as-a-service based clinical development solutions for life science organizations worldwide. The company has a P/E ratio of 15.8, equal to the average computer software & services industry P/E ratio and below the S&P 500 P/E ratio of 17.7.