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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) -- Southwest Airlines (NYSE: LUV) hit a new 52-week high Friday as it is currently trading at $10.80, above its previous 52-week high of $10.77 with 268,351 shares traded as of 9:40 a.m. ET. Average volume has been 6.4 million shares over the past 30 days. Southwest Airlines has a market cap of $7.73 billion and is part of the services sector and transportation industry. Shares are up 2.2% year to date as of the close of trading on Thursday. Southwest Airlines Co. engages in the operation of a passenger airline that provides scheduled air transportation in the United States. The company has a P/E ratio of 16.1, below the S&P 500 P/E ratio of 17.7.