Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model. NEW YORK ( TheStreet) -- Onyx Pharmaceuticals (Nasdaq: ONXX) hit a new 52-week high Wednesday as it is currently trading at $86.91, above its previous 52-week high of $86.79 with 8,839 shares traded as of 9:31 a.m. ET. Average volume has been 1.5 million shares over the past 30 days. Onyx has a market cap of $5.55 billion and is part of the health care sector and drugs industry. Shares are up 94% year to date as of the close of trading on Tuesday. Onyx Pharmaceuticals, Inc., a biopharmaceutical company, engages in the development and commercialization of therapies that target the molecular mechanisms that cause cancer in the United States and internationally. The company has a P/E ratio of 294, above the average drugs industry P/E ratio of 284.2 and above the S&P 500 P/E ratio of 17.7.
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