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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) -- News Corporation (Nasdaq: NWS) hit a new 52-week high Friday as it is currently trading at $28.81, above its previous 52-week high of $28.66 with 683,227 shares traded as of 10:10 a.m. ET. Average volume has been three million shares over the past 30 days. News has a market cap of $22.64 billion and is part of the services sector and media industry. Shares are up 8% year to date as of the close of trading on Thursday. News Corporation operates as a diversified media company worldwide. The company has a P/E ratio of 25.1, above the S&P 500 P/E ratio of 17.7.