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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) -- Thermo Fisher Scientific (NYSE: TMO) hit a new 52-week high Friday as it is currently trading at $65.55, above its previous 52-week high of $65.54 with one million shares traded as of 2:31 p.m. ET. Average volume has been two million shares over the past 30 days. Thermo Fisher Scientific has a market cap of $23.41 billion and is part of the health care sector and health services industry. Shares are up 1.9% year to date as of the close of trading on Thursday. Thermo Fisher Scientific, Inc. provides analytical instruments, equipment, reagents and consumables, software, and services for research, manufacture, analysis, discovery, and diagnostics. The company has a P/E ratio of 20.8, above the S&P 500 P/E ratio of 17.7.