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) -- Tenaris (NYSE: TS) hit a new 52-week high Friday as it is currently trading at $42.55, above its previous 52-week high of $42.42 with 68,563 shares traded as of 9:35 a.m. ET. Average volume has been 1.2 million shares over the past 30 days. Tenaris has a market cap of $24.22 billion and is part of the basic materials sector and energy industry. Shares are up 13% year to date as of the close of trading on Thursday. Tenaris S.A., through its subsidiaries, engages in the manufacture and sale of steel pipe products. The company has a P/E ratio of 36.3, above the average energy industry P/E ratio of 14.8 and above the S&P 500 P/E ratio of 17.7.
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