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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) -- Hanesbrands (NYSE: HBI) hit a new 52-week high Wednesday as it is currently trading at $40.78, above its previous 52-week high of $40.74 with 112,573 shares traded as of 9:41 a.m. ET. Average volume has been 982,900 shares over the past 30 days. Hanesbrands has a market cap of $3.96 billion and is part of the consumer goods sector and consumer non-durables industry. Shares are up 12.6% year to date as of the close of trading on Tuesday. Hanesbrands Inc., a consumer goods company, engages in designing, manufacturing, sourcing, and selling a range of basic apparels in the United States and internationally. The company has a P/E ratio of 17.4, below the S&P 500 P/E ratio of 17.7.