NEW YORK ( TheStreet) -- Mine Safety Appliances Company (NYSE: MSA) hit a new 52-week high Friday as it is currently trading at $38.39, above its previous 52-week high of $38.23 with 50,610 shares traded as of 10:26 a.m. ET. Average volume has been 91,100 shares over the past 30 days.

Mine Safety has a market cap of $1.3 billion and is part of the health care sector and health services industry. Shares are up 16.4% year to date as of the close of trading on Thursday.

Mine Safety Appliances Company develops, manufactures, and supplies health and safety products used by workers in the fire service, homeland security, construction, and other industries, as well as the military. The company has a P/E ratio of 34.4, equal to the average health services industry P/E ratio and above the S&P 500 P/E ratio of 17.
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TheStreet Ratings rates Mine Safety as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Mine Safety Ratings Report.

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