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NEW YORK ( TheStreet) -- Hexcel Corporation (NYSE: HXL) hit a new 52-week high Tuesday as it is currently trading at $27.52, above its previous 52-week high of $26.97 with 227,999 shares traded as of 9:35 a.m. ET. Average volume has been 778,500 shares over the past 30 days. Hexcel has a market cap of $2.47 billion and is part of the industrial goods sector and aerospace/defense industry. Shares are up 8.6% year to date as of the close of trading on Monday. Hexcel Corporation, together with its subsidiaries, engages in the development, manufacture, and marketing of lightweight and high-performance composites for use in commercial aerospace, space and defense, and industrial applications. The company has a P/E ratio of 19.6, above the average aerospace/defense industry P/E ratio of 18 and above the S&P 500 P/E ratio of 17.7.