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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 Tuesday as it is currently trading at $29.64, above its previous 52-week high of $29.39 with 418,574 shares traded as of 10:05 a.m. ET. Average volume has been 3.1 million shares over the past 30 days. News has a market cap of $23.43 billion and is part of the services sector and media industry. Shares are up 11.8% year to date as of the close of trading on Friday. News Corporation operates as a diversified media company worldwide. The company has a P/E ratio of 17, below the S&P 500 P/E ratio of 17.7.