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) -- Illumina (Nasdaq: ILMN) hit a new 52-week high Tuesday as it is currently trading at $61.68, above its previous 52-week high of $58.65 with 1.2 million shares traded as of 9:35 a.m. ET. Average volume has been 1.1 million shares over the past 30 days. Illumina has a market cap of $6.97 billion and is part of the health care sector and drugs industry. Shares are up 0.9% year to date as of the close of trading on Monday. Illumina, Inc. develops, manufactures, and markets life science tools and integrated systems for the analysis of genetic variation and biological function in North America, Europe, Latin America, the Asia-Pacific, the Middle East, and South Africa. The company has a P/E ratio of 49.6, above the S&P 500 P/E ratio of 17.7.
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