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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) -- Celgene Corporation (Nasdaq: CELG) hit a new 52-week high Friday as it is currently trading at $80.69, above its previous 52-week high of $80.42 with 492,928 shares traded as of 10 a.m. ET. Average volume has been 2.8 million shares over the past 30 days. Celgene has a market cap of $34.08 billion and is part of the health care sector and drugs industry. Shares are up 17.7% year to date as of the close of trading on Thursday. Celgene Corporation, a biopharmaceutical company, discovers, develops, and commercializes various therapies to treat cancer and immune-inflammatory related diseases primarily in the United States and Europe. The company has a P/E ratio of 23, equal to the average drugs industry P/E ratio and above the S&P 500 P/E ratio of 17.7.