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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) -- Jazz Pharmaceuticals (Nasdaq: JAZZ) hit a new 52-week high Wednesday as it is currently trading at $60.80, above its previous 52-week high of $60.79 with 218,991 shares traded as of 9:50 a.m. ET. Average volume has been 769,800 shares over the past 30 days. Jazz has a market cap of $3.44 billion and is part of the health care sector and drugs industry. Shares are up 9.8% year to date as of the close of trading on Tuesday. Jazz Pharmaceuticals Public Limited Company, a specialty biopharmaceutical company, engages in the identification, development, and commercialization of pharmaceutical products for various medical needs in the United States, Europe, and other countries. The company has a P/E ratio of 12.9, below the S&P 500 P/E ratio of 17.7.