NEW YORK ( TheStreet) -- Mine Safety Appliances Company (NYSE: MSA) hit a new 52-week high Wednesday as it traded at $34.13 compared with its previous 52-Week high of $34.12. Mine Safety is changing hands at $34.13 with 2,900 shares traded as of 9:36 a.m. ET. Average volume has been 75,000 shares over the past 30 days. Mine Safety has a market cap of $1.2 billion and is part of the health care sector and health services industry. Shares are up 8.5% year to date as of the close of trading on Tuesday. Mine Safety Appliances Company develops, manufactures, and supplies health and safety products used by workers in the fire service, homeland security, construction, and other industries, as well as the military. The company has a P/E ratio of 31.5, equal to the average health services industry P/E ratio and above the S&P 500 P/E ratio of 23.4. TheStreet Ratings rates Mine Safety 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 reasonable valuation levels. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and disappointing return on equity. You can view the full Mine Safety Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center.