NEW YORK ( TheStreet) -- Tyco International (NYSE: TYC) hit a new 52-week high Thursday as it is currently trading at $56.69, above its previous 52-week high of $56.66 with 2.4 million shares traded as of 1:05 p.m. ET. Average volume has been 3.1 million shares over the past 30 days.

Tyco International has a market cap of $25.18 billion and is part of the industrial goods sector and industrial industry. Shares are up 16.9% year to date as of the close of trading on Wednesday.

Tyco International Ltd. provides security products and services, fire protection and detection products and services, valves and controls, and other industrial products worldwide. It operates through three segments: Tyco Security Solutions, Tyco Fire Protection, and Tyco Flow Control. The company has a P/E ratio of 18.3, equal to the average industrial industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Tyco International as a buy. The company's strengths can be seen in multiple areas, such as its good cash flow from operations, expanding profit margins, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels 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 Tyco International Ratings Report.

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