NEW YORK ( TheStreet) -- Medicines (Nasdaq: MDCO) hit a new 52-week high Tuesday as it is currently trading at $22.98, above its previous 52-week high of $22.82 with 673,091 shares traded as of 1:55 p.m. ET. Average volume has been 355,000 shares over the past 30 days. Medicines has a market cap of $1.2 billion and is part of the health care sector and drugs industry. Shares are up 16.6% year to date as of the close of trading on Monday. The Medicines Company, a pharmaceutical company, provides various medicines to hospitals for advancing the treatment of critical care patients worldwide. The company has a P/E ratio of 10.7, equal to the average drugs industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
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