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Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model NEW YORK ( TheStreet) -- Flowserve Corporation (NYSE: FLS) hit a new 52-week high Thursday as it is currently trading at $129.50, above its previous 52-week high of $129.38 with 181,454 shares traded as of 1:40 p.m. ET. Average volume has been 617,800 shares over the past 30 days. Flowserve has a market cap of $6.53 billion and is part of the industrial goods sector and industrial industry. Shares are up 28.1% year to date as of the close of trading on Wednesday. Flowserve Corporation engages in the design, manufacture, distribution, and service of industrial flow management equipment. The company operates in three segments: FSG Engineered Product, FSG Industrial Product, and Flow Control. The company has a P/E ratio of 16.3, equal to the average industrial industry P/E ratio and below the S&P 500 P/E ratio of 17.7.