NEW YORK ( TheStreet) -- Tempur-Pedic International (NYSE: TPX) hit a new 52-week high Thursday as it traded at $49.89 compared with its previous 52-Week high of $49.87. Tempur-Pedic International is changing hands at $49.89 with 344,959 shares traded as of 12:06 p.m. ET. Average volume has been one million shares over the past 30 days.

Tempur-Pedic International has a market cap of $3.4 billion and is part of the consumer goods sector and consumer durables industry. Shares are up 23.8% year to date as of the close of trading on Wednesday.

Tempur-Pedic International Inc. manufactures, markets, and sells bedding products worldwide. Its products include pillows, mattresses, and adjustable beds, as well as various cushions and other comfort products. The company has a P/E ratio of 22.9, equal to the average consumer durables industry P/E ratio and above the S&P 500 P/E ratio of 16.
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TheStreet Ratings rates Tempur-Pedic International 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 notable return on equity. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated. You can view the full Tempur-Pedic International Ratings Report.

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