NEW YORK ( TheStreet) -- Molex (Nasdaq: MOLXA) hit a new 52-week high Thursday as it traded at $23.30 compared with its previous 52-Week high of $23.29. Molex is changing hands at $23.30 with 48,282 shares traded as of 11:28 a.m. ET. Average volume has been 285,900 shares over the past 30 days. Molex has a market cap of $1.8 billion and is part of the technology sector and electronics industry. Shares are up 22.5% year to date as of the close of trading on Wednesday. Molex Incorporated manufactures and sells electronic components worldwide. The company has a P/E ratio of 17.5, below the S&P 500 P/E ratio of 23.3. TheStreet Ratings rates Molex as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, robust revenue growth and largely solid financial position with reasonable debt levels by most measures. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full Molex Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center.