NEW YORK ( TheStreet) -- Mettler-Toledo International (NYSE: MTD) hit a new 52-week high Friday as it traded at $177.39 compared with its previous 52-Week high of $176.16. Mettler-Toledo International is changing hands at $176.16 with 128,135 shares traded as of 3:09 p.m. ET. Average volume has been 140,800 shares over the past 30 days.

Mettler-Toledo International has a market cap of $5.5 billion and is part of the health care sector and health services industry. Shares are up 16.1% year to date as of the close of trading on Thursday.

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 25.1, equal to the average health services industry P/E ratio and above the S&P 500 P/E ratio of 21.5.

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 expanding profit margins. 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 Mettler-Toledo International Ratings Report.

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