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NEW YORK ( TheStreet) -- Medidata Solutions (Nasdaq: MDSO) hit a new 52-week high Wednesday as it is currently trading at $29.69, above its previous 52-week high of $29.65 with 75,212 shares traded as of 10:48 a.m. ET. Average volume has been 170,900 shares over the past 30 days. Medidata has a market cap of $707.6 million and is part of the technology sector and computer software & services industry. Shares are up 32.3% year to date as of the close of trading on Tuesday. 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 17.3, equal to the average computer software & services industry P/E ratio and below the S&P 500 P/E ratio of 17.7.