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NEW YORK ( TheStreet) -- Forest Laboratories (NYSE: FRX) hit a new 52-week high Friday as it is currently trading at $43.90, above its previous 52-week high of $43.85 with 1.3 million shares traded as of 3:51 p.m. ET. Average volume has been 1.7 million shares over the past 30 days. Forest has a market cap of $11.62 billion and is part of the health care sector and drugs industry. Shares are up 22.7% year to date as of the close of trading on Thursday. Forest Laboratories, Inc. develops, manufactures, and sells branded forms of ethical drug products primarily in the United States and Europe.