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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) -- Equinix (Nasdaq: EQIX) hit a new 52-week high Friday as it is currently trading at $219.92, above its previous 52-week high of $219.91 with 358,099 shares traded as of 3:25 p.m. ET. Average volume has been 888,100 shares over the past 30 days. Equinix has a market cap of $10.53 billion and is part of the technology sector and telecommunications industry. Shares are up 6% year to date as of the close of trading on Thursday. Equinix, Inc. provides data center services to protect and connect the information assets for the enterprises, financial services companies, and content and network providers primarily in the Americas, Europe, the Middle-East, Africa, and the Asia-Pacific. The company has a P/E ratio of 91.3, above the S&P 500 P/E ratio of 17.7.