NEW YORK ( TheStreet) -- Haynes International (Nasdaq: HAYN) hit a new 52-week high Thursday as it traded at $53.15 compared with its previous 52-Week high of $53. Haynes International is changing hands at $53.06 with 56,850 shares traded as of 3:52 p.m. ET. Average volume has been 73,300 shares over the past 30 days. Haynes International has a market cap of $643.6 million and is part of the basic materials sector and metals & mining industry. Shares are up 24.8% year to date as of the close of trading on Wednesday. Haynes International Inc. develops, manufactures, markets, and distributes high-performance nickel-and cobalt-based alloys in sheet, coil, and plate forms for use by the manufacturers of various equipments worldwide. The company has a P/E ratio of 278.2, above the average metals & mining industry P/E ratio of 41.6 and above the S&P 500 P/E ratio of 23.5. TheStreet Ratings rates Haynes International as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Haynes International Ratings Report.