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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) -- Ametek (NYSE: AME) hit a new 52-week high Thursday as it is currently trading at $35.23, above its previous 52-week high of $35.20 with 1.3 million shares traded as of 4:02 p.m. ET. Average volume has been 1.2 million shares over the past 30 days. Ametek has a market cap of $8.37 billion and is part of the industrial goods sector and industrial industry. Shares are up 22.9% year to date as of the close of trading on Wednesday. AMETEK, Inc. manufactures and sells electronic instruments and electromechanical devices in North America, Europe, Asia, and South America. The company operates in two segments, Electronic Instruments Group and Electromechanical Group. The company has a P/E ratio of 19.8, below the average industrial industry P/E ratio of 21.7 and above the S&P 500 P/E ratio of 17.7.