NEW YORK ( TheStreet) -- Crane Company (NYSE: CR) hit a new 52-week high Wednesday as it traded at $47.99 compared with its previous 52-Week high of $47.98. Crane is changing hands at $47.90 with 4,026 shares traded as of 9:40 a.m. ET. Average volume has been 302,500 shares over the past 30 days. Crane has a market cap of $2.8 billion and is part of the industrial goods sector and industrial industry. Shares are up 15.5% year to date as of the close of trading on Tuesday. Crane Co. manufactures engineered industrial products in the United States and internationally. The company has a P/E ratio of 11.8, below the average industrial industry P/E ratio of 18.5 and below the S&P 500 P/E ratio of 23.4. TheStreet Ratings rates Crane as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth, largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Crane Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center.