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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) -- Manitowoc (NYSE: MTW) hit a new 52-week high Wednesday as it is currently trading at $16.99, above its previous 52-week high of $16.97 with 247,860 shares traded as of 10:06 a.m. ET. Average volume has been 2.4 million shares over the past 30 days. Manitowoc has a market cap of $2.21 billion and is part of the industrial goods sector and industrial industry. Shares are up 6.3% year to date as of the close of trading on Tuesday. The Manitowoc Company, Inc. engages in the design, manufacture, and sale of cranes and related products, and foodservice equipment worldwide. It operates through two segments, Cranes and Related Products, and Foodservice Equipment. The company has a P/E ratio of 25.6, above the S&P 500 P/E ratio of 17.7.