NEW YORK ( TheStreet) -- Reliance Steel and Aluminum (NYSE: RS) hit a new 52-week high Tuesday as it traded at $56.40 compared with its previous 52-Week high of $56.25. Reliance Steel and Aluminum is changing hands at $56.25 with 20,255 shares traded as of 9:36 a.m. ET. Average volume has been 759,100 shares over the past 30 days. Reliance Steel and Aluminum has a market cap of $4.1 billion and is part of the industrial goods sector and industrial industry. Shares are up 9.3% year to date as of the close of trading on Monday.

Reliance Steel & Aluminum Co. operates metals service centers. The company has a P/E ratio of 16.4, equal to the average industrial industry P/E ratio and below the S&P 500 P/E ratio of 23.3.

TheStreet Ratings rates Reliance Steel and Aluminum as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance and attractive valuation levels. However, as a counter to these strengths, we also find weaknesses including poor profit margins and weak operating cash flow. You can view the full Reliance Steel and Aluminum Ratings Report.