NEW YORK ( TheStreet) -- Mettler-Toledo International (NYSE: MTD) hit a new 52-week high Thursday as it traded at $170.79 compared with its previous 52-Week high of $169.79. Mettler-Toledo International is changing hands at $168.47 with 137,432 shares traded as of 2:36 p.m. ET. Average volume has been 134,100 shares over the past 30 days.

Mettler-Toledo International has a market cap of $5.4 billion and is part of the health care sector and health services industry. Shares are up 11% year to date as of the close of trading on Wednesday.

Mettler-Toledo International Inc. manufactures and supplies precision instruments and services worldwide. The company manufactures weighing instruments for use in laboratory, industrial, packaging, logistics, and food retailing applications. The company has a P/E ratio of 24.7, equal to the average health services industry P/E ratio and above the S&P 500 P/E ratio of 22.7.

TheStreet Ratings rates Mettler-Toledo International as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, impressive record of earnings per share growth, notable return on equity and good cash flow from operations. 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 Mettler-Toledo International Ratings Report.

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