NEW YORK ( TheStreet) -- Molex (Nasdaq: MOLX) hit a new 52-week high Wednesday as it traded at $27.82 compared with its previous 52-Week high of $27.79. Molex is changing hands at $27.77 with 78,088 shares traded as of 10:15 a.m. ET. Average volume has been 897,900 shares over the past 30 days. Molex has a market cap of $2.6 billion and is part of the technology sector and electronics industry. Shares are up 21.3% year to date as of the close of trading on Tuesday. Molex Incorporated manufactures and sells electronic components worldwide. The company has a P/E ratio of 20.8, below the average electronics industry P/E ratio of 21.6 and below the S&P 500 P/E ratio of 23.4. TheStreet Ratings rates Molex 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, robust revenue growth, largely solid financial position with reasonable debt levels by most measures and good cash flow from operations. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full Molex Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center.