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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) -- Covidien (NYSE: COV) hit a new 52-week high Friday as it is currently trading at $57.98, above its previous 52-week high of $57.92 with 221,561 shares traded as of 9:40 a.m. ET. Average volume has been 2.6 million shares over the past 30 days. Covidien has a market cap of $27.29 billion and is part of the health care sector and health services industry. Shares are up 28.4% year to date as of the close of trading on Thursday. Covidien Public Limited Company develops, manufactures, and sells healthcare products for use in clinical and home settings in the United States and internationally. The company has a P/E ratio of 14.6, equal to the average health services industry P/E ratio and below the S&P 500 P/E ratio of 17.7.