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) -- Merck (NYSE: MRK) hit a new 52-week high Wednesday as it is currently trading at $45.85, above its previous 52-week high of $45.70 with 2.6 million shares traded as of 12 p.m. ET. Average volume has been 12.9 million shares over the past 30 days. Merck has a market cap of $137.71 billion and is part of the health care sector and drugs industry. Shares are up 20.6% year to date as of the close of trading on Tuesday. Merck & Co., Inc. provides various health solutions through its prescription medicines, vaccines, biologic therapies, animal health, and consumer care products. The company has a P/E ratio of 20.6, equal to the average drugs industry P/E ratio and above the S&P 500 P/E ratio of 17.7.
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