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NEW YORK ( TheStreet) -- Perrigo Company (NYSE: PRGO) hit a new 52-week high Friday as it is currently trading at $155.14, above its previous 52-week high of $155.08 with 42,133 shares traded as of 9:50 a.m. ET. Average volume has been 1.1 million shares over the past 30 days. Perrigo has a market cap of $14.41 billion and is part of the health care sector and drugs industry. Shares are up 49% year to date as of the close of trading on Thursday. Perrigo Company, through its subsidiaries, develops, manufactures, and distributes over-the-counter (OTC) and generic prescription (Rx) pharmaceuticals, nutritional products, and active pharmaceutical ingredients (API). The company has a P/E ratio of 32.2, above the S&P 500 P/E ratio of 17.7.