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NEW YORK ( TheStreet) -- Eli Lilly and Company (NYSE: LLY) hit a new 52-week high Friday as it is currently trading at $43.35, above its previous 52-week high of $43.31 with 599,490 shares traded as of 10:35 a.m. ET. Average volume has been six million shares over the past 30 days. Eli Lilly and has a market cap of $49.67 billion and is part of the health care sector and drugs industry. Shares are up 3% year to date as of the close of trading on Thursday. Eli Lilly and Company discovers, develops, manufactures, and sells pharmaceutical products worldwide. The company has a P/E ratio of 11.1, equal to the average drugs industry P/E ratio and below the S&P 500 P/E ratio of 17.7.