NEW YORK ( TheStreet) -- J.C. Penney Company (NYSE: JCP) hit a new 52-week high Wednesday as it traded at $35.77 compared with its previous 52-Week high of $35.12. J.C. Penney is changing hands at $35.77 with 908,140 shares traded as of 10:01 a.m. ET. Average volume has been 3.8 million shares over the past 30 days. J.C. Penney has a market cap of $7.9 billion and is part of the services sector and retail industry. Shares are up 8.4% year to date as of the close of trading on Tuesday.

J. C. Penney Company, Inc., through its subsidiary, J. C. Penney Corporation, Inc., operates a network of department stores in the United States and Puerto Rico. It sells family apparel and footwear, accessories, fine and fashion jewelry, beauty products, and home furnishings. The company has a P/E ratio of 24.7, above the average retail industry P/E ratio of 24.6 and above the S&P 500 P/E ratio of 23.4.

TheStreet Ratings rates J.C. Penney as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and compelling growth in net income. However, as a counter to these strengths, we find that we feel that the company's cash flow from its operations has been weak overall. You can view the full J.C. Penney Ratings Report.