NEW YORK (

TheStreet

) --

BorgWarner

(NYSE:

BWA

) hit a new 52-week high Wednesday as it is currently trading at $83.77, above its previous 52-week high of $83.45 with 64,935 shares traded as of 9:40 a.m. ET. Average volume has been two million shares over the past 30 days.

BorgWarner has a market cap of $8.34 billion and is part of the

consumer goods

sector and

automotive

industry. Shares are up 29.7% year to date as of the close of trading on Tuesday.

BorgWarner Inc. manufactures and sells engineered automotive systems and components primarily for powertrain applications worldwide. The company's Engine segment offers turbochargers, emissions systems, thermal systems, diesel cold start and gasoline ignition technology, and cabin heaters. The company has a P/E ratio of 18.6, above the average automotive industry P/E ratio of 17.5 and above the S&P 500 P/E ratio of 17.7.

  • Sign up for TheStreet's FREE Dividend and Income Investor Newsletter

TheStreet Ratings rates BorgWarner as a

buy

. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, growth in earnings per share, notable return on equity and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full

BorgWarner Ratings Report

.

See all

52-week high stocks

or get investment ideas from our

investment research center

.

null