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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) -- Varian Medical Systems (NYSE: VAR) hit a new 52-week high Monday as it is currently trading at $73.90, above its previous 52-week high of $73.87 with 665,829 shares traded as of 12:46 p.m. ET. Average volume has been 971,100 shares over the past 30 days. Varian Medical Systems has a market cap of $8.04 billion and is part of the health care sector and health services industry. Shares are up 4.9% year to date as of the close of trading on Friday. Varian Medical Systems, Inc. designs, manufactures, sells, and services medical devices and software for treating cancer with radiotherapy, radiosurgery, proton therapy, and brachytherapy worldwide. The company has a P/E ratio of 19.6, above the S&P 500 P/E ratio of 17.7.