NEW YORK ( TheStreet) -- G & K Services (Nasdaq: GKSR) hit a new 52-week high Friday as it traded at $34.39 compared with its previous 52-Week high of $34.26. G & K Services is changing hands at $34.36 with 22,628 shares traded as of 10:41 a.m. ET. Average volume has been 83,700 shares over the past 30 days. G & K Services has a market cap of $617.6 million and is part of the services sector and diversified services industry. Shares are up 6.9% year to date as of the close of trading on Thursday. G&K Services, Inc. provides branded identity apparel and facility services programs in North America. It offers rented uniforms and facility services products, such as floor mats, dust mops, wiping towels, restroom supplies, and various linen items. The company has a P/E ratio of 16.9, equal to the average diversified services industry P/E ratio and below the S&P 500 P/E ratio of 23.4. TheStreet Ratings rates G & K Services as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we find that we feel that the company's cash flow from its operations has been weak overall. You can view the full G & K Services Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center.