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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) -- Netflix (Nasdaq: NFLX) hit a new 52-week high Thursday as it is currently trading at $188.99, above its previous 52-week high of $188.88 with 2.3 million shares traded as of 11:30 a.m. ET. Average volume has been 5.1 million shares over the past 30 days. Netflix has a market cap of $9.96 billion and is part of the services sector and specialty retail industry. Shares are up 92.2% year to date as of the close of trading on Wednesday. Netflix, Inc. provides Internet subscription services for TV shows and movies in the United States and internationally. The company offers its subscribers to watch unlimited TV shows and movies streamed over the Internet to their TVs, computers, and mobile devices. The company has a P/E ratio of 613.6, above the S&P 500 P/E ratio of 17.7.