NEW YORK (

TheStreet

) --

Siemens

(NYSE:

SI

) hit a new 52-week high Wednesday as it traded at $136.15 compared with its previous 52-Week high of $135.45. Siemens is changing hands at $136.09 with 59,363 shares traded as of 9:32 a.m. ET. Average volume has been 1.1 million shares over the past 30 days.

Siemens has a market cap of $115.5 billion and is part of the

technology

sector and

telecommunications

industry. Shares are up 7.1% year to date as of the close of trading on Tuesday.

Siemens Aktiengesellschaft, an electronics and electrical engineering company, operates in the industry, energy, and healthcare sectors worldwide. The company has a P/E ratio of 32.1, above the average telecommunications industry P/E ratio of 19.4 and above the S&P 500 P/E ratio of 16.1.

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TheStreet Ratings rates Siemens as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, revenue growth, good cash flow from operations, expanding profit margins and solid stock price performance. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full

Siemens Ratings Report

.

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